Backdoor Roth-need general explanation

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jgdsss
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Joined: Mon May 16, 2016 11:31 pm

Backdoor Roth-need general explanation

Post by jgdsss » Thu Sep 27, 2018 6:29 am

Can someone please explain to me, in very layman terms, what is a Backdoor Roth, when and how Is it utilized. I’ll even take a link to a site that breaks it down.

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oldcomputerguy
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Location: In the middle of five acres of woods

Re: Backdoor Roth-need general explanation

Post by oldcomputerguy » Thu Sep 27, 2018 6:32 am

It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. And if you’re smart, surround yourself with smart people who disagree with you.

2cents2
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Re: Backdoor Roth-need general explanation

Post by 2cents2 » Thu Sep 27, 2018 6:34 am


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FiveK
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Re: Backdoor Roth-need general explanation

Post by FiveK » Thu Sep 27, 2018 10:45 am

And note that, although the name is similar and the general intent of "getting money into a Roth account" is the same, the process for a Mega Backdoor Roth is not at all the same as for the backdoor Roth.

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