I am bit confused by the pro-rata rule for Roth conversions, so I am requesting a clarification.
If Roth conversions can't be done if you have any funds in a traditional IRA on Dec 31st of a given year, then how do people avoid this problem when doing partial Roth conversions of their traditional IRA in low income years (ie. during sabbatical, early retirement etc)?
If Roth conversions can't be done if you have any funds in a traditional IRA on Dec 31st of a given year, then how do people avoid this problem when doing partial Roth conversions of their traditional IRA in low income years (ie. during sabbatical, early retirement etc)?
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