Impact of State Taxes on Traditional to Roth Conversion

Impact of State Taxes on Traditional to Roth Conversion

May 17, 2021

We have discussed at length about Roth IRA and about the conversion of traditional IRA to Roth IRA. There are several benefits of conversion and in a low tax atmosphere, it becomes an interesting proposition for many. When you convert a 401(k)…

Pro-Rata Rule for Backdoor Roth

Pro-Rata Rule for Backdoor Roth

March 23, 2018

We have heard about Backdoor Roth and it is now a popular strategy. Even I have spoken about it as well as Mega Backdoor Roth before but there is one aspect that stumps most people interested in backdoor Roth approach and sometimes even makes the…

What is backdoor Roth IRA

What is backdoor Roth IRA

March 11, 2018

A Roth backdoor entry is a bypass to get around income limits to participate in Roth IRA. The other key aspect of this backdoor is that there are no conversion limits so you can convert any amount as long as it is…