Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions

[frugally]

Looks like in an effort to remove the backdoor Roth IRA, this senate draft bill proposal would also eliminate deductible IRA/401k contribution conversions into your Roth accounts.

Here is a link to find your state's senators so you can give them your opinion about the bill.

Credit goes to this reddit thread for the news.

[pdxmonkey]

Well then....checks ballot to see who's up for reelection this year.

[terran]

There's been some discussion of this over here: http://forum.mrmoneymustache.com/taxes/congressman-proposes-ending-'back-door'-roth-contributions/

[frugally]

Ah thanks terran, didn't see that.