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Business, 09.04.2021 03:30 laylay2380

A taxpayer currently has $20,000 in a traditional deductible IRA. She comes to you for advice about whether to convert the $20,000 into a Roth IRA. The taxpayer faces a current tax rate of 24%, and she expects to face the same rate when she retires in 40 years. She is currently earning 12% per year pretax in the deductible IRA, and she expects to continue to earn this pretax rate of return regardless of whether she is investing in a deductible IRA or a Roth IRA. Should the taxpayer convert to a Roth IRA

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A taxpayer currently has $20,000 in a traditional deductible IRA. She comes to you for advice about...

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