DanaB27
Expert Alumni

Get your taxes done using TurboTax

No, having a 401k doesn’t exclude you from performing a backdoor Roth. The only thing you want to avoid is rolling the 401k to your traditional IRA when you plan to use the backdoor Roth strategy. Because it won’t work if you have pre-tax funds in the traditional IRA and each distribution/conversion will have taxable and nontaxable parts (pro-rata rule).

 

@ccthealias

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