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WCI #304: Roth's, 401(k)s and 529s

White Coat Investor Podcast

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Backdoor Roth IRA Questions - Is There a Pennies in the Backdoor?

January and February around here are like nonstop backdoor Roth IRA questions. If you put $6,000 in a traditional IRA and it sits there for a week before you convert it to a Roth IRA, it's going to earn some interest. The easiest way to deal with it is when you see that money left behind in the account is just to convert that as well in the same calendar year.

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