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Saw this at a bargain store today

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Step 1: google backdoor Roth.
Step 2: follow the lengthy instructions numerous other people have already documented in great detail.
Step 3: profit
Put it into traditional IRA. Then convert to roth. You’ll pay taxes on it for the conversion.
Rising Star
D1 is correct. Sometimes if you let the money stay in the account for a day or 2 after it settles it could gain a few cents and you pay the tax on that. Otherwise you’re good
Chief
Did you already contribute to Roth IRA for this year or is this all new money?
All new money for 2021
Rising Star
Don’t have any prior traditional IRA balance before you do this
Google is your friend people