There’s no sense in paying higher taxes on an account value that has lost its value right?
If you converted to a Roth IRA in 2010 and the value of that converted money is now lower (and it probably is because the miserable stock market performance), you can undo the Roth IRA conversion and get the taxes you paid on the original conversion back.
Voilà – your conversion is gone and you get your tax money back. Sound too good to be true? Here are the steps you need to follow:
Step #1: …Read More