Row 79092

Row ID: 79092 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 79092 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The opposite.

Assuming your income is such that you cannot contribute to a Roth directly, you make a non-deductible contribution to your traditional IRA. You then convert it to Roth. The conversion is not taxed because the contribution was a post-tax contribution. Then it grows in roth post tax.

You do this because if you keep the non-deductible contribution in the trad IRA the growth is pre-tax. You must not have a balance in your trad IRA, otherwise IRS rules around the taxability of conversions will trip you up.

FieldValue
text The opposite. Assuming your income is such that you cannot contribute to a Roth directly, you make a non-deductible contribution to your traditional IRA. You then convert it to Roth. The conversion is not taxed because the contribution was a post-tax contribution. Then it grows in roth post tax. You do this because if you keep the non-deductible contribution in the trad IRA the growth is pre-tax. You must not have a balance in your trad IRA, otherwise IRS rules around the taxability of…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-24
username_encoded Z0FBQUFBQm5Lak1rS3FPc083b0hxRUxPajJTMV9JU0xJa0JSai1FY0Z1VXpzOFFZU20yN29Zd05tdDg2QTBlX1d4QlMtR0pMX0FPeW4zNVYxcmhWbXA1Sk8zWklaNE1JdVE9PQ==
url_encoded Z0FBQUFBQm5Lak8xai1zR24xdmlPbEp5WnVrM0pZd1JBdkJDTGsyTDgwOUJlSzlHdl9HTVVwd25QUzRpT0xHUVY4cVVrMUxQcDRVVzN0cnF4U1dMRkhKSzc4UGxCTFFlZU1IbGxsalZVaHNHN2c3WDFQV3Jnc2VkRWVRSHJ4U2ZnVHJDODRxbGVTeGZ5RFU3c0hJejlVbzR1WGwxNUw4UEVRVWJJSGdIZVFBaS13WVAtSVRZSFc5Ny12YjBodTY1R3dRQ3hoMnRXYkpHZFM5V3NVQXl6bTFTbEMzTkZrXzl4UT09

Raw Record

{
  "text": "The opposite.  \n\nAssuming your income is such that you cannot contribute to a Roth directly, you make a non-deductible contribution to your traditional IRA.  You then convert it to Roth.  The conversion is not taxed because the contribution was a post-tax contribution.  Then it grows in roth post tax.  \n\nYou do this because if you keep the non-deductible contribution in the trad IRA the growth is pre-tax.  You must not have a balance in your trad IRA, otherwise IRS rules around the taxability of conversions will trip you up.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1rS3FPc083b0hxRUxPajJTMV9JU0xJa0JSai1FY0Z1VXpzOFFZU20yN29Zd05tdDg2QTBlX1d4QlMtR0pMX0FPeW4zNVYxcmhWbXA1Sk8zWklaNE1JdVE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak8xai1zR24xdmlPbEp5WnVrM0pZd1JBdkJDTGsyTDgwOUJlSzlHdl9HTVVwd25QUzRpT0xHUVY4cVVrMUxQcDRVVzN0cnF4U1dMRkhKSzc4UGxCTFFlZU1IbGxsalZVaHNHN2c3WDFQV3Jnc2VkRWVRSHJ4U2ZnVHJDODRxbGVTeGZ5RFU3c0hJejlVbzR1WGwxNUw4UEVRVWJJSGdIZVFBaS13WVAtSVRZSFc5Ny12YjBodTY1R3dRQ3hoMnRXYkpHZFM5V3NVQXl6bTFTbEMzTkZrXzl4UT09"
}
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