This video will cover how to process Backdoor Roth IRA Contributions, the benefits of this wealth building strategy, and pitfalls to avoid when implementing this Roth strategy.
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
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CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Great video and very clear! One question I have is, when does the aggregation rule apply? At the time of conversion or at the end of the year?
Say I have 100k tIRA now, I contribute 6k post tax $ to a 2nd tIRA, then convert it to Roth IRA. Before end of 2021, I roll my 100k IRA to a 401k. Will that prevent the aggregation rule?
Or
I have to roll my IRA to a 401k now then contribute $6K post tax and convert it.
Also, Step-transaction Doc – I thought it was clarified in TCJA and it makes backdoor roth LEGAL, the timely shouldn't matter anymore?
Very helpful!!! Thank you!