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Thoughts on AMZN at these levels?
ETH to the moon 🌙
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Thoughts on AMZN at these levels?
ETH to the moon 🌙
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Yes you can always do backdoor Roth IRA. If you have a traditional IRA balance, you may have some tax
It doesn’t matter. If you make 30k for example, you will get a deduction for your traditional IRA contribution and be taxed on the conversion. Ends up the same as no deduction and no tax.
That’s what it’s intended for. Even if you don’t hit the income cap.
Sorry I meant if I'm below the income cap! Thanks!
Conversation Starter
Yes you can it might not be advantageous if you can still contribute to traditional IRA. When I was close to the phase out limit I did backdoor Ira I didn’t want to deal with recharacterization if my bonus at the end of the year kicked me out of the income limit