So just curious in then2 scenarios below.
1 $5K Trad IRA contribution
ROTH conversion of same $5K Now Roth balance of $5K
2 $5K Traditional IRA contribution
Gains 1k, convert $6K to Roth +6K Roth balance
In the above scenarios do these converted punts get considered as contributions for the purpose of withdrawsroth contributions tax/Penalty free or do I "lose" the ability to consider these contributions for Penalty and Tax free withdrawal?
Just wondering I may be able to push retirement 1 or 2 years sooner if I can draw on the contributions then (still talking 30 years out, bit just curious).
Submitted July 11, 2024 at 11:25PM by Gousf https://ift.tt/Mw3HPNB
