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Reply to "Should I max out my pre-tax retirement options?"
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[quote=Anonymous][quote=Anonymous]You should definitely do the backdoor Roth if you don't need the money day to day because the gains are tax free when you withdraw them. [/quote] Gains are tax free IF you meet the minimum 5 year account requirement and age requirement (59.5). The nice thing about the backdoor Roth is that you can pull out the principal after 5 years, if you need it for something, before you hit age 59.5. You can then continue to let any gains remain invested. Backdoor Roth is also really great for day trading and options, since you have no real-time tax liability so long as all the monies remain in the Roth IRA. The Roth IRA also doesn't count against your assets when assessing your kids for college financial aid. [/quote]
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