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I have a $2m ira, I'm 40. Continue to make 200, 300k a year. Any rollover is going to be taxed at a very high rate. Unless I retire early and start chucking it every year, I don't know what to do when I'm 60+, because I won't have enough time then to chuck 50, 60k out. Any thoughts?
Thanks
Definitely a good strategy considering this current President has promised to raise taxes.
My traditions IRA was $2000
2 years ago, now it grew to $32,000. Do i pay taxes on the original 2k or on the 32k to convert to Roth?