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401K vs saving for farmland
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milofarmer1
Posted 1/29/2019 20:57 (#7282830 - in reply to #7281643)
Subject: RE: Thanks



Texas/New Mexico Stateline
He is correct.

The key is to try to do it in a low income year.

Last time we converted a traditional IRA to ROTH it was in a year with a slight loss. Didn't have to pay ANY tax, and as stated no penalty for conversions.


Handy tool to even out income sometimes.


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