Another Back Door Roth Question

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  • Avatar Erik94 
    Status: Resident
    Posts: 2
    Joined: 09/12/2017

    Fresh attending, started contributing to a Vanguard Traditional IRA for myself and spouse starting this July. Can I transfer the balances over to our Roths as I go or should I Just wait an do it in December? Does it matter?


    #245415 Reply
    Avatar DavidGlennCPA 
    Status: Accountant
    Posts: 57
    Joined: 06/12/2019

    There’s no waiting period on the second step of transferring from the Traditional to Roth.  It doesn’t matter if you do it all at once or as you go.

    Just make sure you have no other Traditional IRA money and you’re good to go.

    David Glenn, CPA | Glenn Advisory | (808) 321-5664

    #245417 Reply

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