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One can do a backdoor Roth conversion to get around that limit. (but you need to have no money in regular pretax IRAs to do so)
by jcdavis 13y ago
One can do a backdoor Roth conversion to get around that limit. (but you need to have no money in regular pretax IRAs to do so)
- elasticdog 13y agoWell, you can have money in there...it would just be a taxable event when you do the conversion to a Roth, so you have to keep in mind that your taxable income will go up by the amount that you did not have a "basis" in.