{ "media_type": "text", "post_content": "If I’m a single filer and my income level (modified adjusted gross income) is between the range of 125,000 and 140,000 should I do the math and figure out exactly how much I should put in my Roth IRA and then put the rest in traditional and roll that portion using back door method? Or should I just contribute 6000 entirely to traditional ira this year and back door that money? Unsure if there are restrictions to doing back door IRA if you can technically contribute a portion directly to Roth ira", "post_id": "60f9d8fe002784002a89654a", "reply_count": 5, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

If I’m a single filer and my income level (modified adjusted gross income) is between the range of 125,000 and 140,000 should I do the math and figure out exactly how much I should put in my Roth IRA and then put the rest in traditional and roll that portion using back door method? Or should I just contribute 6000 entirely to traditional ira this year and back door that money? Unsure if there are restrictions to doing back door IRA if you can technically contribute a portion directly to Roth ira

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If you are close to the limit just do the backdoor assuming you don’t currently have a traditional IRA balance already. There are no restrictions

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Np

You shouldn’t have any money on traditional Ira period. You should only do ROTH IRA, if you think you’ll be over the limit then do back door Roth IRA.

If you already hve money in traditional Ira roll it into your workplace 401k plan

That is not accurate. The same reason you have for traditional 401k applies to traditional IRA. The benefit of Roth IRA is you can take contributions out. If you are not planning to do that the analysis for Ira and 401k are the same

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