Any one did backdoor Roth IRA?

[Tenali]

Any one did backdoor Roth IRA?

[Spartan]

complex thing..but possible.

[Picheshwar]

53 minutes ago, Tenali said:

Any one did backdoor Roth IRA?

Blind post

[bayarea]

I do it since past few years. what are your questions?

[KisMisNaidu]

37 minutes ago, bayarea said:

I do it since past few years. what are your questions?

How to do it ? Post all steps 

[Simple123]

I’m also interested 

[bayarea]

ee link lo baaga explain chesadu. I go with Vanguard but you can use others like Fidelity etc.

https://www.physicianonfire.com/backdoor/

[sri_india]

I did

[sri_india]

1 hour ago, Spartan said:

complex thing..but possible.

Not complex... Easy neee

[sri_india]

24 minutes ago, KisMisNaidu said:

How to do it ? Post all steps 

For this year , you don't have sufficient time to do it

[KisMisNaidu]

9 minutes ago, sri_india said:

For this year , you don't have sufficient time to do it

Next year tell bro

[sri_india]

Just now, KisMisNaidu said:

Next year tell bro

Simple process.... First go and open traditional ira , you might not eligible to claim tax benefits on this amount based on your income...

Next open roth ira account , better do with same company..... After your funds settled in traditional ira , do transfer your funds to roth ira....

 

You can do everything online .... Also don't do any trading activity within traditional IRA unless you want to pay taxes....

[sri_india]

Just now, sri_india said:

Simple process.... First go and open traditional ira , you might not eligible to claim tax benefits on this amount based on your income...

Next open roth ira account , better do with same company..... After your funds settled in traditional ira , do transfer your funds to roth ira....

 

You can do everything online .... Also don't do any trading activity within traditional IRA unless you want to pay taxes....

2021 limit is only 6k .... Remember this amount

[KisMisNaidu]

1 minute ago, sri_india said:

Simple process.... First go and open traditional ira , you might not eligible to claim tax benefits on this amount based on your income...

Next open roth ira account , better do with same company..... After your funds settled in traditional ira , do transfer your funds to roth ira....

 

You can do everything online .... Also don't do any trading activity within traditional IRA unless you want to pay taxes....

What after that bro ?

[sri_india]

Just now, KisMisNaidu said:

What after that bro ?

Inka roth ira lo ki funds raganeee , trading cheaukoooo..... Withdrawal ki limitations untayi before 59 and half year varaku ... Check those