hard · Certified Financial Planner Retirement
Ms. Lambert has $100,000 in a Traditional IRA, consisting of $85,000 in pre-tax contributions and $15,000 in after-tax contributions. She also has a $400,000 401(k) entirely in pre-tax funds. If she converts $20,000 from her IRA to a Roth IRA
How much of the conversion is taxable?
- $20,000
- $19,400
- $17,000
- $3,000
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