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Roth Conversion in new tax bill question
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Topic: Roth Conversion in new tax bill question (Read 1631 times)
Lan Mandragoran
Bristles
Posts: 274
Roth Conversion in new tax bill question
«
on:
December 20, 2017, 02:44:49 PM »
Probably a stupid question, sorry ahead of time if so :).
So I can't tell is this article just saying that Trad/Roth cant be reclassified mid year, or is it saying you can no longer do a traditional --> roth conversion? The latter would hurt the ability of early retirees to withdraw funds using methods like roth ladders correct?
https://www.cnbc.com/2017/12/19/roth-ira-conversions-cant-be-undone-under-gop-tax-reform.html
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Babybalrog
5 O'Clock Shadow
Posts: 89
Location: Raleigh, NC
Re: Roth Conversion in new tax bill question
«
Reply #1 on:
December 20, 2017, 03:40:22 PM »
my understanding is that trd-> roth conversions are fine.
what was being removed was the strategy of horse racing, and "reclassifying"
https://www.madfientist.com/roth-ira-horse-race/
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Lan Mandragoran
Bristles
Posts: 274
Re: Roth Conversion in new tax bill question
«
Reply #2 on:
December 21, 2017, 09:04:36 AM »
ahhhh I see, thanks. That's more trouble than I would probably go through anyway :P.
Sry for the double post btw.
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Roth Conversion in new tax bill question