4 ms·
That is incorrect. Conversion from traditional to Roth IRA has no limit. Contribution limit is $5500 per year regardless backdoor or not.
by monster_group 9y ago
That is incorrect. Conversion from traditional to Roth IRA has no limit. Contribution limit is $5500 per year regardless backdoor or not.
- wsxiaoys 9y agoIt's a well-known trick across googlers.... 1. IRA Backdoor: Contributed to traditional ira with after tax money, capped at 5500, then converted to RothIRA 2. After-Tax 401k Mega Backdoor: Contributed to After-Tax 401k, capped at 26K, then converted to RothIRA.