ST Alpha - "Broadly speaking, yes." (Reading a Post)

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In response to "Can ST confirm my understand: The benefit of a Roth IRA is that I pay the tax now but everything else in that account will be tax free? Traditional " by James Bond (aka Igor)

Broadly speaking, yes.

Posted by znufrii May 27 '16, 10:00

If you're doing a lump sum conversion, be mindful of the tax implications. It may put you in a higher marginal tax bracket, as well as reduce eligibility for certain deductions and credits.

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The money transferring will count as income and can push me into a higher tax bracket? - James Bond (aka Igor) May 27, 10:02 1
- Yup, it gets added to your agi when you convert it to a Roth -- (edited) - znufrii May 27, 10:07

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Broadly speaking, yes.

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