Traditional after-tax IRA -> Roth IRA conversion easy?
I am sure it was asked before, but I am still not 100% clear on this.
I watched Suzi Orman today and she said it again (paraphrasing): "Contribute into traditional IRA and then convert it to Roth IRA".
So wondering again, is this that easy? Do I have a limit to contribute to traditional IRA? Does it depend on income? Are taxes involved if I have deferred IRA?
Have you done this? Please share your personal experiences.
Insanity: doing the same thing over and over again and expecting different results.