I made a mistake with my Mega backdoor roth for this year and seeking advice on how to fix the situation. Details:
- Joined a new company earlier this year and moved my previous employers 401K to a rollover IRA with vanguard (from fidelity)
Couple of questions:
1. Will the pro rata only apply to the 8K or the full post tax converted to Roth IRA this year?
2. Seems i can do a reverse rollover and move the rollover IRA to new companies 401K plan within vangaurd? Will doing so, undo the tax implications?
3. What is the best move to deal with this situation?
thanks.