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Reply to "1%ers: What are you doing with your $$ before Dec 31? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We're converting to Roth IRAs, adding $26k per child to 529 plans and probably selling off stocks with a lot if capital gains. Anyone else making money moves before the end of the year? [/quote] How can you contribute to Roth if you are in the 1%? Even we were disqualified years ago.[/quote] There is no income limit to convert a traditional IRA to a Roth IRA. There is no income limit to contribute to a traditional IRA, although there is an income limit to the tax advantages of a traditional IRA. http://online.wsj.com/article/SB10001424052970203846804578101051823419658.html [/quote]
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