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Backdoor Roth review : Consider tax ramifications of move

Jan 02, 2019 - Chicago Tribune

Q. I'd like to roll over some money from my old 401(k)s into an IRA to make it easier to keep track of my investments. But I heard that the rollover could hurt my ability to make a "backdoor" Roth IRA contribution. What is that, and is it a good reason to not do a rollover?

A. If you earn too much money to contribute to a Roth IRA, there's another way to get into this tax-advantaged account: You can contribute to a traditional IRA and then convert the money to a Roth soon afterward, which ...