- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: VFFSX info for 401k rollover
Posted on 1/8/24 at 9:35 pm to RoyalWe
Posted on 1/8/24 at 9:35 pm to RoyalWe
Another reason to rollover to 401k is to facilitate backdoor Roth contributions if you ever exceed income limit for Roth IRA. Otherwise, you'd have to pay income tax on conversions from traditional IRA due to pro rata rule.
1
Posted on 1/8/24 at 10:10 pm to TorchtheFlyingTiger
quote:If the 401k is traditional (non-Roth) then you would pay income tax executing a backdoor Roth. If you have the money in a traditional IRA, you also pay income tax executing a backdoor Roth. There is no difference.
Another reason to rollover to 401k is to facilitate backdoor Roth contributions if you ever exceed income limit for Roth IRA. Otherwise, you'd have to pay income tax on conversions from traditional IRA due to pro rata rule.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News