Roth IRA Booby trap

[jeff2819]

How to make contributions to your Roth IRA

Contribute the maximum allowed to a Traditional IRA which is a non-deductible after tax contribution. There are no AGI limits and it does not matter if you are covered by a retirement plan or 401-k at work.

Convert it into your Roth in 2018. Repeat each year as long as the workaround is allowed under current tax law.

Jeff

[olds442jetaway]

Boy is it hard to stick to nickels and quarters this year. Already fell off the wagon a couple of times. So far though no hand pays so no tax consequences. Also no windfall from the casino to keep me going.