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Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions
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Topic: Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions (Read 1832 times)
frugally
Stubble
Posts: 135
Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions
«
on:
October 26, 2016, 05:47:08 PM »
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.
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pdxmonkey
Bristles
Posts: 364
Re: Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions
«
Reply #1 on:
October 26, 2016, 07:50:36 PM »
Well then....checks ballot to see who's up for reelection this year.
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terran
Magnum Stache
Posts: 3807
Re: Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions
«
Reply #2 on:
October 26, 2016, 08:00:32 PM »
There's been some discussion of this over here:
http://forum.mrmoneymustache.com/taxes/congressman-proposes-ending-'back-door'-roth-contributions/
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frugally
Stubble
Posts: 135
Re: Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions
«
Reply #3 on:
October 26, 2016, 08:30:02 PM »
Ah thanks terran, didn't see that.
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Wyden Proposal would eliminate Traditional IRA -> Roth IRA Conversions