FYI ... general rules to follow when you plan to do a backdoor ROTH ...
1) ALWAYS have the contribution kept in a CASH account ... do NOT have it invested in anything that could make money not even a money market account
2) Give the broker explicit instructions to make the conversion as soon as possible per the institutions rules ... basically as soon as the ink dries.
3) This backdoor conversion ONLY works if the taxpayer has nothing in any traditional IRA account before or after the contribution/conversion.
