An advanced look at moving money from tax-deferred accounts into Roth accounts. Covers conversion taxes, the pro-rata rule, backdoor and mega backdoor strategies, and conversion ladders. Ten questions, instantly graded. Question one is on the house.
1
When you convert pre-tax money from a traditional IRA to a Roth IRA, how is the conversion taxed?
2
What does the pro-rata rule do when you convert money from a traditional IRA that holds both pre-tax and after-tax dollars?
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3
What are the basic steps of a backdoor Roth IRA?
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🔒 Plus 7 more questions in this test
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