- 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
What should I do in this situation? Brokerage to Roth?
Posted on 4/9/20 at 12:23 pm
Posted on 4/9/20 at 12:23 pm
I've contributed about $10k to a Vanguard brokerage account in 2020. As you might imagine stock I've purchased is down a bit.
I was wondering if it makes sense to sell the stock now and xfer the cash to an IRA and then backdoor it to a Roth IRA only to buy the stock again? Is this mechanism possible? What are the downsides?
I was wondering if it makes sense to sell the stock now and xfer the cash to an IRA and then backdoor it to a Roth IRA only to buy the stock again? Is this mechanism possible? What are the downsides?
This post was edited on 4/9/20 at 12:25 pm
1
Posted on 4/9/20 at 4:04 pm to Clint Torres
Could you not just transfer from your brokerage straight to your Roth? What would be the purpose of going to the IRA and then back dooring the Roth?
Posted on 4/9/20 at 4:05 pm to sandwolf
I assume he's above the limits to put directly into a ROTH
Posted on 4/9/20 at 4:54 pm to JohnnyKilroy
quote:
I assume he's above the limits to put directly into a ROTH
correct..
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News