The Retirement and IRA Show Spousal Roth, Backdoor Roth, Social Security, Post-Tax Contributions, HSA Strategy: Q&A #2542
14 snips
Oct 18, 2025 Listeners dive into the intricacies of spousal Roth IRA contributions even after retirement. They explore the benefits of switching from a SEP IRA to a solo 401k for backdoor Roth opportunities. Timing for claiming Social Security at 62 comes under scrutiny, especially for those with sufficient pensions. The discussion covers post-tax contributions to IRAs and 401ks, and how HSA withdrawals can be strategically used to maximize Roth conversions. Essential strategies for smarter tax planning are revealed throughout the dialogue.
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Use Spousal Roth If Your Partner Earns
- If one spouse works, contribute to a spousal Roth IRA using the working spouse's earned income while respecting income limits.
- Confirm contribution limits and catch-up amounts for the tax year before depositing.
Roll IRAs Into Solo 401(k) To Enable Backdoor Roths
- Convert existing IRAs into a solo 401(k) that accepts roll-ins to enable clean backdoor Roth contributions.
- Verify the solo 401(k) custodian allows transfers in and offers a Roth option before switching.
Vet Solo 401(k) Custodians Before Switching
- When opening a solo 401(k), research custodians and TPAs thoroughly to ensure the plan allows roll-ins, Roth options, and desired features like loans.
- Don’t assume low-cost providers offer full functionality; verify plan documents first.