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Level 2
March 6, 2024
Question

Backdoor Roth and Traditional IRA

  • March 6, 2024
  • 1 reply
  • 1 view

The Backdoor Roth contribution scheme works well if you do not have any traditional IRA balances. Otherwise you need to convert proportionally. For that reason I do not keep any traditional IRAs. But I inherited a traditional IRA recently. Does inherited traditional IRA interfere with backdoor scheme the way normal traditional IRA does?

1 reply

Level 15
March 6, 2024

No, because you are required to withdraw from your inherited IRA on the schedule for the person from which you inherited it.  Not on your own retirement schedule.

 

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