Re: [TSP_Strategy] Re: Roth IRA backdoor

 

this one explained well.

https://thefinancebuff.com/the-backdoor-roth-ira-a-complete-how-to.html


-----Original Message-----
From: elstaub@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
To: TSP_Strategy <TSP_Strategy@yahoogroups.com>
Sent: Mon, Feb 27, 2017 2:22 pm
Subject: [TSP_Strategy] Re: Roth IRA backdoor

 
donle0230 or anyone, can you explain to me where the money is coming from to fund the "Backdoor Roth IRA"?  Is it a traditional IRA, and do you pay tax on that conversion?

My ultimate question is why do a backdoor instead of a regular frontdoor IRA?      I think the backdoor is really for rich people who are subject to income phase-outs and can't do a normal Roth IRA?

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Posted by: lindalyc@aol.com
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