Backdoor Roth IRAs: What You Need to Know

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gkaplan
Posts: 7034
Joined: Sat Mar 03, 2007 8:34 pm
Location: Portland, Oregon

Backdoor Roth IRAs: What You Need to Know

Post by gkaplan » Mon Jan 09, 2017 10:27 am

Christine Benz has written a column on backdoor Roth IRAs.

http://news.morningstar.com/articlenet/ ... ?id=787504
Gordon

SGM
Posts: 2723
Joined: Wed Mar 23, 2011 4:46 am

Re: Backdoor Roth IRAs: What You Need to Know

Post by SGM » Tue Jan 10, 2017 10:12 am

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.

LateStarter1975
Posts: 672
Joined: Tue Jul 02, 2013 4:50 pm

Re: Backdoor Roth IRAs: What You Need to Know

Post by LateStarter1975 » Tue Jan 10, 2017 10:27 am

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

pancake19
Posts: 86
Joined: Thu Jan 16, 2014 1:46 pm

Re: Backdoor Roth IRAs: What You Need to Know

Post by pancake19 » Tue Jan 10, 2017 10:49 am

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?)

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