How do I set up a backdoor Roth IRA on TD Ameritrade?

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1- Open a traditional IRA 2 - Open a Roth IRA 3 - Move money into tIRA from [wherever] 4 - Once cleared/available for withdrawal, transfer from tIRA to Roth IRA 5 - Invest

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Thank you both!

What’s the purpose of a back door Roth IRA?

It’s a “back door” for people who exceed the income limits for a Roth IRA. The benefit is that your earnings from this Roth IRA won’t be taxable.

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