SportsdocParticipantStatus: PhysicianPosts: 22Joined: 06/20/2018
I recently funded by tIRA for backdoor roth conversion. In the few days it took for the tIRA to become available to convert, it grew $1.58. After reading the advice on WCI, I converted the full amount in the tIRA (including the extra $1.58) to the roth. Here’s the problem: in the few days it took for vanguard to execute the conversion, the money in the tIRA grew another $1.60, which it left behind. Now I have a tIRA with $1.60. What should I do with that money in the tIRA? Do I just convert it again to the roth?December 7, 2018 at 12:12 am MST #172143jacoavluModeratorStatus: Physician, Small Business OwnerPosts: 1676Joined: 03/01/2018
Convert that too. This is common.
You’ll pay tax on the $3 earnings
The Finance Buff's solo 401k contribution spreadsheet: https://goo.gl/6cZKVA