Posted on Jun 8, 2021

Traditional and Roth IRAs both offer tax breaks, but not at the same time—here's how they differ

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CNBC article explaining differences in how traditional and Roth individual retirement accounts work for tax breaks to holder

Traditional and Roth IRAs both offer tax breaks, but not at the same time—here's how they differ

Posted from cnbc.com

Posted in these groups: Retirement logo

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Taxes

Personal Finance

Posted 3 y ago

Responses: 1

Maj Robert Thornton

Posted 3 y ago

By the time my wife and I retired fully, it was not worth the money to convert our IRA's. We never qualified for the Roth while working full time.
I did however move quite a bit of both my son's UGMA accounts to Roth accounts.

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Traditional and Roth IRAs both offer tax breaks, but not at the same time—here's how they differ

Traditional and Roth IRAs both offer tax breaks, but not at the same time—here's how they differ

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