batpot wrote:What's the best place to setup a backdoor Roth? Where can I keep a traditional IRA with zero balance w/out an annual "low balance" fee? Or should I instead open, rollover, then close the traditional IRA once a year when I make my out of pocket contribution?
At Vanguard (and I assume at other fund companies) you can open a TIRA, fund it, and convert it to a Roth IRA leaving the TIRA account open with a zero balance. There are no "low balance" fees. Eventually Vanguard will close the empty account but not for awhile. It'll probably still be available the next year when you want to do the process again. If not, just open a new one.