Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Does my mother need to take an RMD from her IRA or can she just convert it to a Roth IRA?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]How much does she make that she cannot do Roth right away? Why backdoor?[/quote] She makes a relatively high salary and maxes out her 401k Roth contribution with her employer. In addition, she does a backdoor IRA Roth to the max (I believe that is now around $8000 a year). She omitted the immediate conversion to an IRA Roth from an IRA in 2023 and 2024 and hasn't yet made her 2025 IRA contribution to backdoor to an IRA Roth because she has been preoccupied with other things. She has been with her employer a long time and her pre-tax 401k is healthy; she plans to live on that and social security once she retires. She doesn't have a brokerage account. On her death, the heirs would have no capital gains on a brokerage account, but her thinking is that the IRA Roth would enable heirs to keep it growing for ten years after her death before having to take it out, tax free and, thus, be more advantageous to them. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
