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pentex
Feb 7 2002, 05:03 PM
Our income was $150,090 (over by $90!!) so we have to recharacterize some of our Roth IRA, which I know how to do.

However, with the children's Education IRA's, I cannot find the formula for determining how much we'll have to withdraw. Does anyone know what that formula is?
kdm
Feb 7 2002, 05:51 PM
Page 25 of IRS Publication 970 explains the phase out. It appears to be the same as Roth IRA for tax year 2001.
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