Backdoor Roth, Investing, and Taxes - 396
Your Money, Your Wealth
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Do You Have a Backdoor IRA?
People are looking at this backdoor strategy as like, OK, well, this is such a cool move because now I can put money into a Roth IRA without paying taxes on it. But you can always putMoney into a Roth and pay the same tax as if you did the backdoor or non-bac-door unless you're on the cusp of a different tax bracket. And so here's another problem with this: What investments does your 401K have? So by all means, put the money into your 401K and then you can do the backdoor Roth. It does work but how about if he's in a certain tax bracket where he could convert more? Yeah. That's really
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