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Retirement tax questions
Hello Champ,
Is it as simple as moving the Rollover IRA to new Company 401(k) then do the backdoor Roth IRA conversion immediately?
What happens after I do the backdoor Roth IRA conversion, then decide to move my money back to a Rollover IRA?
Is this okay, since when I did the Roth IRA conversion, I didn't have any other IRA or IRS will look and count for the whole calendar year?
The reason why I ask this question is because I like the flexibility to pick my own investments. Whereas a company 401(k) only offer you a fixed number of funds.
Thank you!
March 2, 2024
4:19 PM