Back Door Roth IRAs
Has any of the legislation passed in 2022 revoked the Back Door Roth?
If not, do you think it’s safe to “go in the water” and make a 2022 back door Roth contribution?
Has any of the legislation passed in 2022 revoked the Back Door Roth?
If not, do you think it’s safe to “go in the water” and make a 2022 back door Roth contribution?
Permalink Submitted by Alan - IRA critic on Thu, 2022-09-01 13:59
The back door Roth is alive and well, and there is no pending legislation that would derail it. Go ahead with your 2022 back door contribution and conversion. Remember, if you have any pre tax TIRA, SEP, or SIMPLE IRA amounts your conversion will be mostly taxable and not nearly as beneficial.
Permalink Submitted by Robert Wright on Thu, 2022-09-01 14:12
Thanks, as always.