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Leave a Lasting Legacy: How to Leave a Nonfinancial Legacy

Retirement Answer Man

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The Prorata Rule for Roth Conversions

If you don't have post-tax contributions in your IRA, this is a moot point because the prorata rule won't come into play. The IRS will look at the mix of pre-tax contributions and earnings and post- tax contributions to see if it's worth double taxation. You'll want to understand the rules though on how and when you have to close down that 401k for your business.

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