Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
4 posts • Page 1 of 1
Consider taking advantage of a backdoor Roth IRA while it is still available. I didn't mind paying pro rata taxes as my now completed plan was to convert all traditional IRAs to Roth IRAs over a 5 year period.
Christine Benz did an excellent job of simplifying the Backdoor Roth for those not very familiar with it. It remains one of the most asked questions on this forum. Good article
Debt is dangerous...simple is beautiful
one area he didn't go to deep into was the 5 year rule, can folks clarify that for me? i've looked at lot on the web and the advice seems to be conflicting (contributions vs earnings, exemptions, etc) and how it relates to backdoor roth (does it reset each time for all rIRA money or just the portion being converted?)