If I’m right on the cusp of hitting the contribution reductions for a Roth IRA for 2021 (will potentially have a greater than $125k AGI depending on bonus amount, but likely won’t exceed $130k), what should I do? I can fully find the $6k right now to a Roth, fund like $5k and then wait until June when I find out my bonus amount to decide what to do with the rest, or should I just do an IRA->Roth conversion just to be safe?

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If you have no current traditional Ira balances, just fully fund a traditional Ira and immediately convert to Roth

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That’s what I was thinking. I already have an empty IRA with Fidelity (where my Roth is) that I has opened as a hedge against this case. I’ll just do that then just to be on the safe side.

I had the same situation for the past couple of years. The first year I calculated Roth vs Backdoor and split my contributions. After that, realized contributing 100% to trad then immediately converting to Roth is much easier

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In the same boat. I do traditional and then convert to play it safe

Backdoor only works tax free if you have no traditional Ira balances

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