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Your IRA Questions Answered
The following is a transcript of "Money Girl's Quick and Dirty Tips for a Richer Life," a podcast from QuickAndDirtyTips.com. The audio program is available via RSS feed here and at TheStreet.com's podcast home page.
Hello and welcome to Money Girl's Quick and Dirty Tips for a Richer Life.
Today's topic: more answers to your questions about investing for retirement.
Several of you have asked questions about investing for retirement and I want to answer some more of your questions in today's episode.
Taxes and Converting to a Roth
A listener named Ashish emailed me with this question:Can I contribute to a traditional IRA account after taxes? I don't qualify for tax deductions due to income limits. I'm doing this so that I can convert my traditional IRA to a Roth in the year 2010. Secondly, will I have to pay taxes at the conversion time in 2010 if I contribute to a traditional IRA after taxes?Great questions, Ashish. ...
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