ST Alpha - "IRA contribution limits unchanged :( -- nm" (Reading a Post)

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In response to "ty97: 401k contribution limits for 2022 are out." by decline

IRA contribution limits unchanged :( -- nm

Posted by Cowboy BeBaron (aka BaronWasteland) Nov 5 '21, 06:40

(No message)

Responses:

And the BBB Act bans back door contributions. -- nm - spamlet Nov 5, 06:47 11
- NNNNOOOOO....... -- (edited) - ty97 Nov 5, 07:07 4
  - If you have a traditional you really can't back door without tax leakage. I had to roll mine into my 401(k) to be able to do it. -- nm - spamlet Nov 5, 07:12 3
    - Side effects of Kyndryl may include tax leakage. Do not take Kyndryl if you are allergic to Kyndryl. -- nm - znufrii Nov 5, 07:58
    - Exactly. That's why I avoided having traditional but I want to do something with this (small) pension account, and traditional IRA seems the answer - ty97 Nov 5, 07:13 1
      - (also, I need to confirm if I really am eligible to roll this pension accounts) - ty97 Nov 5, 07:14
- F*ck. -- (edited) - znufrii Nov 5, 06:47 5
  - I would imagine but I haven't looked specifically. - spamlet Nov 5, 06:56 2
    - Yup. - znufrii Nov 5, 06:58 1
      - We just got a Roth option last year. I just split contributions 50/50 and didn't look further. - spamlet Nov 5, 06:59
  - Also banned as a back door contribution. -- nm - Will Hunting Nov 5, 06:50 1
    - Mega backdoor. - znufrii Nov 5, 06:53

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