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Reply to "How exactly do you make back door Roth contributions?"
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[quote=Anonymous][quote=Anonymous]If I plan to set up IRAs for my kids when they get their first jobs, should I set up a Roth to keep this option open for them in the future? [/quote] For first job, unless they are earning 160k+ right out of school (which is possible), they can invest directly in a Roth IRA, no need for a Traditional IRA in between.[/quote]
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