ST Alpha - "And the BBB Act bans back door contributions. -- nm" (Reading a Post)

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Posts: 164

In response to "IRA contribution limits unchanged :( -- nm" by Cowboy BeBaron

And the BBB Act bans back door contributions. -- nm

Posted by spamlet Nov 5 '21, 06:47

(No message)

Responses:

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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