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IRA-To-Roth Conversions Explode After Income Limit Lifted

By Ama Sarfo (January 6, 2014, 4:23 PM EST) -- Wealthy taxpayers seeking favorable tax treatment of their retirement accounts converted $64.8 billion from traditional individual retirement accounts to Roth IRAs in 2010 — nearly 10 times greater than 2009's figures — after Congress eliminated income restrictions on Roth conversions, the Internal Revenue Service said Friday....

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