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Young software engineer here, looking for a (preferably remote) job opportunity. Cut workflow by 50% as Executive Editor, managed end to end creation of several websites as lead web developer for startup, been programming since high school. Recently graduated from college and awarded top graduating CS student by faculty. Anyone able to give me a referral from Apple Microsoft Adobe Google, or know of a job opening with good WLB, benefits and competitive salary? DM me for more info.
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Yes, you can execute a backdoor IRA conversion into a Roth IRA. Open a new IRA so you have 0 basis, then contribute up to the annual Roth IRA limit with after-tax dollars. Then roll it into your Roth IRA as the “conversion”. The key is to ensure you have no basis in the IRA when converting to avoid a taxable event.
There may be other pertinent details, which I trust to be added below as people see fit.