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 Strategies & Market Trends : BAK - Investing

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From: xxyy4/12/2012 2:02:05 PM
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re: nondeductible IRA / W

W,

I haven't looked into this before (though I guess I should have). Is there any downside to the
nondeductible IRA/convert to Roth? Are there income restrictions? I guess if I want to do this, I should do it immediately so I can do both a 2011 and a 2012 contribution.

It seems sort of like a loophole - am I right?

Thanks
X
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