The Roth Conversion Loophole: Don't Let Income Limits Constrain Your Retirement Planning The recent surge in interest rates has left many investors reevaluating their retirement portfolios, particularly those who have maxed out contributions to tax deferred accounts like 401(k)s.
For these individuals, the question of whether to convert to a Roth IRA is becoming increasingly pressing. However, income limits often create confusion about what is and isn't allowed.
A recent inquiry from a couple earning over $350,000 per year highlights this misconception: that income limits restrict not just contributions but also conversions.