How can I avoid paying taxes on a Roth conversion?
How can I avoid paying taxes on a Roth conversion?
The so-called backdoor Roth is one way to avoid a big tax bill when you’re over the income limit for a Roth. In that case, if you’re also covered by an employer retirement plan like a 401k, you likely wouldn’t be able to fund a deductible IRA, because of IRS rules.
