Separate Account for Backdoor Roth
Is there any benefit to keeping Backdoor Roth IRA funds in a separate account, or is it OK to dump the Backdoor Roth funds into a non-backdoor Roth?
Is there any benefit to keeping Backdoor Roth IRA funds in a separate account, or is it OK to dump the Backdoor Roth funds into a non-backdoor Roth?
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Permalink Submitted by Alan - IRA critic on Wed, 2017-06-21 01:15
If the conversion will be mostly non taxable as most back door Roth conversions are, the conversion will rarely be recharacterized. Therefore, there is no need to convert into a new or empty Roth account.