Hey guys, my income will be below the limit this year and I pretty much max out my 401k /Roth401.

What is the process to contribute into an after taxed Roth?

Do I just put money into a fidelity Roth account? Say like some of my bonus?

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Posted by HailToTheChiz

Back in Auburn

Member since Aug 2010

48945 posts

Posted on 11/22/19 at 10:09 pm to FMtTXtiger

I don't understand. Are you asking what your alternatives are after maxing out the Roth limits?

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Posted by buckeye_vol

Member since Jul 2014

35236 posts

Posted on 11/22/19 at 11:51 pm to FMtTXtiger

quote:
What is the process to contribute into an after taxed Roth?

Do I just put money into a fidelity Roth account? Say like some of my bonus?

Are you basically just asking how you set-up and contribute to a Roth IRA? If so, then the process seems pretty simple and standard after you choose a brokerage: go to their site/app/office, select the option to open a Roth account, and then complete their process.

This post was edited on 11/22/19 at 11:52 pm

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Posted by FMtTXtiger

Member since Oct 2018

3731 posts

Posted on 11/23/19 at 9:39 am to buckeye_vol

Yes after taxed account

So just put moneytransfer money in the fidelity Roth account number as long as it's less than yearly max?
Then I can buy funds or trade stock?

I guess the designation of a Roth account is how they determine tax free earnings?.

This post was edited on 11/23/19 at 9:42 am

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Posted by molsusports

Member since Jul 2004

36114 posts

Posted on 11/23/19 at 9:58 am to FMtTXtiger

LINK

There are videos that walk you through the process if you search

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Posted by hob

Member since Dec 2017

2128 posts

Posted on 11/23/19 at 10:48 am to FMtTXtiger

If you are referring to backdoor Roth IRA contributions then the process is to make after-tax contributions to your 401k and immediately roll it over to a Roth IRA.

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