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debbiewith2 t1_iud9zov wrote on October 30, 2022 at 1:38 PM

Reply to comment by tastethesaltinthesea in Question about backdoor Roth with large Traditional IRA by tastethesaltinthesea

Correct. Or choose to split over years. Just remember that earnings that accumulate in the traditional will be taxed when you convert. When the market is down, it is cheaper to convert. You’re welcome!