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The "milk in your coffee" problem: what the IRS pro rata rule means for your backdoor Roth
Thinking about a backdoor Roth IRA contribution? The IRS pro rata rule could create an unexpected tax bill if you have pre-tax money in a Traditional, SEP, or SIMPLE IRA. Ben Allen breaks down how the rule works, why it matters, and what to consider before making a conversion.
Ben Allen
7 hours ago2 min read
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