RothIRA & Backdoor RothIRA after life event

[thanhktran]

Hi! I got married last June. I've been contributing the max amount yearly to my RothIRA. However, now that I'm married and will be filing jointly. Questions:

1. What will happen to my RothIRA account? Do I need to stop contributing? Can I just leave it as is as it continues to grow?
2. What can I do now if we exceed the income limit for joint. Is a Backdoor RothIRA an option?
   • If I do open a Backdoor RothIRA - Do I have to close or empty out my existing Roth IRA account to avoid any taxes?
   • Do I have rinse and repeat the Backdoor Roth IRA process every year if I want to contribute?
3. What other options or ways do you recommend for us where it can help alleviate or grant us tax breaks in the future?
   

Any assistance would be helpful! Thank you! 

- From a Corporate America Millennial Who Wants To Retire Early

[Bsch4477]

A Roth conversion doesn’t affect your ability to contribute the maximum allowable amount to your other Roth IRA. While the conversions can be combined with your original Roth account, each conversion has its separate 5 year rule so you might want separate accounts to track that. 

[fanfare]

If your IRA accounts consist entirely of Roth IRAs, you can continue to make tax-free back-door Roth contributions via conversion as long as you -have earned income. 

Being married changes nothing besides adding the possibility of spousal IRA contribution.

@thanhktran