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Does it help to have a brokerage that has only 401k rollover IRAs and another brokerage that's used for backdoor roth? (I'm guessing not). I've been postponing
by jongraehl 11y ago
Does it help to have a brokerage that has only 401k rollover IRAs and another brokerage that's used for backdoor roth? (I'm guessing not). I've been postponing a 401k rollover for the reason you state.
- adestefan 11y agoNo. All of your pre-tax IRA accounts across all custodians are used when figuring out the taxes of the backdoor Roth. However, if you have a 401k at your current job that has good investments you may be able to roll your IRA into you 401k plan. That will clear out all the IRA assets to give you a $0 figure when performing the backdoor.