02-17-2021, 07:41 AM
Have any of you ever done it?
I'll be opening up an IRA account soon and putting post-tax dollars into it, so that I can then move the funds into my ROTH IRA. Seems super weird that you can just override the income limits by moving the money first into another account. How long did you let the funds sit in the regular IRA before moving them to the ROTH?
I'll be opening up an IRA account soon and putting post-tax dollars into it, so that I can then move the funds into my ROTH IRA. Seems super weird that you can just override the income limits by moving the money first into another account. How long did you let the funds sit in the regular IRA before moving them to the ROTH?