Backdoor ROTH IRA

Submitted by sam Hashizu on Thu, 2018-06-28 18:23

If you have already contirbuted maximum of 18,500 to 401K ROTH, can you still contribute to back door ROTH?

Permalink Submitted by Alan - IRA critic on Fri, 2018-06-29 00:17

Yes, you can. As long as you have earned income (or a spouse does) and are not yet 70.5, you can make a non deductible TIRA contribution.

Permalink Submitted by sam Hashizu on Fri, 2018-06-29 14:53

Thanks

Permalink Submitted by Kyle Eaton on Fri, 2018-06-29 21:57

You could do an additional $36,500 of non-deductible contributions to a solo 401(k) right? Then do an XL Back Door Roth?

Permalink Submitted by Alan - IRA critic on Sat, 2018-06-30 03:10

Yes, if the solo K form allows after tax non Roth contributions.