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Fishes,
I have come across a whole lot of questions being asked around the benefits and other particulars of being employed with PwC. I strongly recommend going through the below website. Really helpful. I learnt a lot, hope you can too. In case you can't find something, we always have these forums.
All the best!
https://lookinside.pwc.com/
Deloitte fishes - I’m new to Deloitte and enrolling in benefits and having a hard time determining if I go with one of the PPO or HDHP plans. Despite having to go through IVF we’re healthy and rarely go to the doctor but I know with IVF and a possible pregnancy that could all change. Would love feedback on what has been helpful - HDHP is what I’m leaning towards!Deloitte
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Happy Navratri and Ramadan Mubarak desi fam 🙏🏼❤️
11 like pls
If you have a traditional IRA (including rollover of employer match) it will cause a pro rata portion of your backdoor IRA to be taxable going forward until/unless resolved.
If it's a small % of total it's additional tracking but not necessarily a huge tax impact. If you can roll that portion into new employer's 401k then none taxable and no additional tracking going forward.
I don’t think you run into issues. Isn’t Roth Roth here?
Your employer match is pre-tax, so that portion will need to roll into a Traditional IRA. That will mess up your conversion due to the pro rata rule. You can get around it by rolling that Traditional IRA amount into your current employer 401(k) so that your Traditional IRA balance is exactly the amount you want to convert to a Roth IRA.
My question is will that mess up the conversion only if if the conversion was being done in this calendar year or will it mess it up in future calendar years as well