Search found 2 matches

by KaiserSleep
Wed Nov 18, 2020 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mistake with Backdoor Roth
Replies: 7
Views: 552

Re: Mistake with Backdoor Roth

Thanks everyone for the helpful replies. My wife and I have the same employer and they will only accept a traditional IRA rollover if it was a conduit IRA so no luck there. I think we’ll just convert the traditional IRA to a Roth before the end of the calendar year and just deal with the taxes. This...
by KaiserSleep
Wed Nov 18, 2020 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Mistake with Backdoor Roth
Replies: 7
Views: 552

Mistake with Backdoor Roth

Earlier this year I did a backdoor Roth for both my wife and I at Vanguard. I contributed 6k for each of us and the contribution was not tax deductible. My wife just told me this week that she remembered that she had a decades old IRA at TD Ameritrade that was opened by her parents. She had earned i...