高级农民
- 积分
- 1500
- 大米
- 颗
- 鳄梨
- 个
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- 尺
- 蓝莓
- 颗
- 萝卜
- 根
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- 个
- 注册时间
- 2016-1-2
- 最后登录
- 1970-1-1
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https://www.useorigin.com/readin ... -to-roth-conversion
How do I do it?
Before you begin the process, please reach out to your Origin Planner for additional help in determining if this strategy is appropriate for you. If you’re ready to move forward with implementing this strategy, however, we’ve detailed the steps below.
Although it may look like a complicated process, this strategy is relatively simple; however, it’s important to do this in the correct order.
Open a Traditional IRA and a Roth IRA account. You can open these accounts at Charles Schwab, Fidelity, or Vanguard for example. For simplicity, we recommend you keep your Traditional IRA and Roth IRA at the same institution.
Make a contribution to your Traditional IRA account up to the current year's limit (Click here to see current contribution limits as set by the IRS).
Contact the custodian of the Traditional IRA and ask them to send you any paperwork required to move the money from your Traditional IRA to the new Roth IRA. To ensure you are properly documenting the move you should make sure to select the same trustee transfer to ensure the funds move directly from your Traditional IRA to your new Roth IRA.
Notify your tax preparer that this is a non-deductible IRA contribution.
It’s important to note that you may want to do this annually and each time you would repeat steps 2-4 above. The deadline for making your annual contribution is the tax filing deadline for that year (i.e. for 2020 the contribution must be made by April 15th, 2021). |
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