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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just do a backdoor Roth[/quote]

NP here.  I thought once you established and contributed to a Roth, you couldn't do a backdoor into that account and that you'd have to do a backdoor into a whole new Roth (which would obviously slow the growth in your current account).  Am I wrong?  I would like to be![/quote]

I have no idea if the first 1/2 if your comment is true - maybe a financial planner chime in?  But even if so, the second 1/2 isn't true.  If you open an identical type of account and invest in the same investment vehicle, your total returns would be the same...  That's math.[/quote]

Neither part of this original comment is true. You can backdoor into an existing Roth, so it doesn't matter, that as PP points out your total retirement savings will be the same. However, there are complications with the backdoor if you have any other existing accounts that are not Roth. That prevents many people from using it, as you have to convert (and pay taxes on) the gains from all your non-Roth accounts to use the backdoor. In other words, you can't just backdoor the new contributions alone. [/quote]

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