Originally Posted by
herewego
Regional guy here lurking in the majors forum, so not rich but higher earner than the average American, with money in a traditional IRA that was both pretax and post tax contributions. Could you please explain the pro rata rule as I'm probably going to convert that Traditional to a Roth for the Backdoor.
kinda figure taxes for most of us will jump after Jan 2021 so I'd rather pay 24% now than 50% later.
I'd do a terrible job of trying to explain it. Just google IRA Pro-Rata rule...lots of great information out there about it.