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re: Filed 2022 Taxes and am over the ROTH Income Limit

Posted on 4/12/23 at 12:57 pm to
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 4/12/23 at 12:57 pm to
One thing you can do if you want---roll any traditional IRA into the Roth. You will pay taxes on it but once it is in the Roth it will grow tax free which you know. The good thing is there are no forced distributions from Roth and I think of mine as an estate tool.

I contribute to my traditional IRA since income limits do not apply and then ever year or two I simply roll that money into my Roth.
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