I've discovered while doing my taxes that with my wife and my combined income is above the threshold makes us ineligible to contribute to a Roth IRA. I have been doing the backdoor method and converting for years, where as she has been contributing to a Roth. Her raise put us over the limit this year.
I am thinking that withdrawing the earnings will be the cleanest way to resolve this issue. My question, is once the funds are withdrawn, can we just turn around and put that money in a traditional IRA for her (towards 2021), and convert it?
