Should You Do a Backdoor Roth IRA Even If You Are Below the Income Limit?
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Do you think at age 27, doing a 3% contribution/match to 401k and maxing out Roth IRA is enough to be good for retirement at age 65? Thanks!
So a backdoor Roth is a way for people who make too much money to contribute to a Roth IRA… to contribute to a Roth IRA.
Isn't the Roth IRA income limit there for a reason???
Sounds pretty "sneaky" and "undercover of night" to me.
What am I not understanding here?
Hello money guy as I said in the previous stream I’ve been mostly investing in s&p and I’m 16 however I’m using an account in my mothers name that’s connected to my custodial high yield savings. So will it be complex to switch to my own? Also is it a good idea to invest 50$ of my income every week into stocks (mostly index funds) I’ve set up a reoccurring investment for VOO
I do conversion every year. What’s the point in waiting? It’s very simple to
Do conversion.
I have a roll over IRA that opened by rolling over an old 401k. What can I do to be eligible to open a back door Roth without the repercussions?