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ROTH IRA
Hi,
I plan to open a Roth IRA account and do back-door ROTH. I had a 401k/403b account with my previous employer before 2007. After 2007 my company got bought and I started working for my current company. Since then my previous 401k/403b account got transferred into a roll-over IRA at Wells Fargo Bank. For the purpose of back-door ROTH, I plan to transfer my roll-over IRA into my 403b account with my current employer at Fidelity. Does this process sound ok for tax purpose? Will I incur any tax through this transfer? Thank you!
‎April 6, 2023
2:25 PM