My son is starting work after college who is an aggressive saver for future. Thus the high interest in Roth instruments. Currently have no traditional IRA, SEP IRA/SIMPLE so no complex pro-rata issues to do backdoor ROTH.
My question is once he has maxed out an Roth IRA ($6K), its not possible to do a Traditional IRA that starts the backdoor Roth. However, if his MAGI phases out Roth IRA, then there is opportunity to do backdoor Roth.
Is this understand correct?
Furthermore, seems like mega backdoor Roth through the post tax 401k method is even higher Roth potential.
