How to Deal With Taxes When Income Goes Through the Roof - 394
Your Money, Your Wealth
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How to Convert a Million Dollars Into a Rapara
There is no dollar figure that's limit to convert. Soor or if your spouse has earned income, you can use that perfect so he's making an i r, a contribution of six thousand dollars. And then what is he doing after he makes that contribution, is converting that contribution into a rapara. There is no tax on the conversion, and it's just called a back door wroth contribution. But it is a contribution and a conversion in the same, i guess, sequence or seamstrata. It's just a work around for avoiding those income limitations.
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