Does anybody contribute non deductible $$s to their traditional IRA? Should I or should I not do it?

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I assume you make more than the income limit for a Roth IRA? If so, the contribute your max in a lump sum to a traditional IRA. Once the transaction clears, call your brokerage and immediately backdoor transfer the funds to a Roth IRA so it grows tax-free. Your welcome

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I agree with everything PWC said except *you're

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Oops

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<3

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Pwc1,
I did not understand about Backdoor ira.
We are not eligible for Roth IRA. I already have reasonable size of balance in my Traditional ira. So I can not convert the existing balance to Roth IRA.
How can I make my new contributions to back door ira.
Could you explain in detail. Thanks in advance.

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