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Updated over 4 years ago,
Rollover IRA conversion to ROTH
Hello,
I am exploring the possibility of converting some or all of my Rollover IRA account into ROTH IRA account to reduce my tax burden when I retire. I understand that this would be a taxable event and I would be required to pay taxes for this conversion. However, my question is, what are some of the mechanisms to reduce or offset this tax burden? Can I also do this conversions in smaller chunks over the next few years, provided tax laws don't change?
Thanks in advance for your response.