{ "media_type": "text", "post_content": "Is there any reason to invest in a traditional IRA if you don't qualify for tax advantages?", "post_id": "61cb99c15229b600397fba6c", "reply_count": 19, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Is there any reason to invest in a traditional IRA if you don't qualify for tax advantages?

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Yes, you can do back door Roth for tax free growth

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Also company match has nothing to do with the traditional vs Roth 401k decision

Just Google « backdoor Roth vanguard » and plenty of guides available. You first put 6K in an IRA and then convert to Roth IRA the next day. That’s the backdoor

Can someone give me reasons why one shouldn’t do a mega back door Roth? Everyone on fishbowl says everyone should do it, but there has to be instances when it isn’t a good idea. Or no?

Got it, thanks SM1 👍

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