Guest pentex Posted February 7, 2002 Posted February 7, 2002 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?
Guest kdm Posted February 7, 2002 Posted February 7, 2002 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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