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1hotjava t1_j2eqd9n wrote

>Since my contributions are coming out of my pocket post-income tax

Are you deducting the IRA contributions on your income taxes each year?

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AptQ258 OP t1_j2eriqs wrote

Yes. I should qualify that as "coming out of my pocket take home pay." Taxes are withheld from my paycheck.

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1hotjava t1_j2esxmn wrote

But if you take the deduction on your income tax then it’s pre-tax dollars going into the IRA. In that case a conversion would all be taxable as income. Generally it’s not very efficient to convert to Roth because of the initial tax drag.

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