to consider converting my traditional IRA to a Roth IRA?
Let's assume you have $50,000 in your traditional IRA.
Set up a profile in which you:
-
a) enter zero traditional IRA assets,
b) specify a taxable special receipt equal of $50,000 in the current year, and
c) enter a $50,000 contribution to a Roth IRA in the current year.
Compare the living standard when you run this profile with the living standard when you run the same case, except you enter $50,000 in current traditional IRA assets and specify neither a taxable special receipt nor a Roth IRA contribution.
best, Larry[/]
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