Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Are there any changes in the rules for backdoor Roth for 2013 or is it same as in 2012. I understand that the limit has been increased to $5500 (age below 50 yrs)
As of 12-31-12 we have a $0 balance in traditional IRA's (all converted to Roth and necessary taxes paid). The vanguard account does show that we both have the TIRA accounts with a zero balance.
I am hoping to put 5500 x 2 in TIRA on Jan 2 and convert it to Roth on Jan 3. Thanks.
- Posts: 411
- Joined: 1 Jan 2008
- Location: Midwest
I found it by going to google and:
backdoor roth 2013 site:bogleheads.org
It appears nothing has changed, but I think I might wait a few days to see what unfolds with any potential new legislation.
- Posts: 1871
- Joined: 4 Apr 2011
- Location: NoCo
Return to Investing - Help with Personal Investments
Who is online
Users browsing this forum: cjking, cloudcover and 30 guests