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[quote=Anonymous]I've read a lot about people doing Backdoor Roth IRAs. But I have a logistical question: Do you keep opening up a new IRA every year? Then converting it at the appropriate time? For instance, say I want to make my 2016 contribution - so I open up a regular IRA. Then convert it into a Roth IRA. Then next year, do I do the same thing again?: Open up a new IRA, then convert that one? Or do I somehow roll over that regular IRA $$ to my existing backdoor Roth? And what's the best place to do this? I have a TD Ameritrade account. Can I do it with them? [/quote]
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