Every year, I need to wait until my taxes are calculated before I know if my income will allow me to contribute to a Roth IRA. If I am over the limit, I do the traditional IRA and immediately convert it to a Roth. I do not have any deductible IRAs. My question is - Is there any reason why I shouldn't just automatically do the traditional IRA and immediate conversion to Roth every year, instead of waiting to see I qualify for a straight Roth contribution? Are there any downsides to this for someone with no deductible IRAs?
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