Search found 2 matches
- 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...
- 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...