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re: Backdoor Roth for 2020 Income
Posted on 1/23/20 at 5:55 pm to deeprig9
Posted on 1/23/20 at 5:55 pm to deeprig9
As some have pointed out, one option is to roll the Traditional IRA money into a 401k. That’s not something I care to do but it might work for someone else. Particularly if they prefer having the Traditional invested in mutual funds rather than Etfs and individual stocks.
1
Posted on 1/23/20 at 6:00 pm to CajunTiger92
What is the downside of rolling it into a 401k?
The only downside I could see is potentially more limited investment options and higher fees (assuming you have an active 401k to roll into.)
Can you roll your 401k back into a traditional IRA after converting your roth or is there a limit on rolling an active 401k into an IRA or number of rollovers in a year?
The only downside I could see is potentially more limited investment options and higher fees (assuming you have an active 401k to roll into.)
Can you roll your 401k back into a traditional IRA after converting your roth or is there a limit on rolling an active 401k into an IRA or number of rollovers in a year?
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