This year I decided I should start saving something for retirement and I came to the conclusion a backdoor Roth was best. I started a Vanguard tIRA with$5500 and without investing converted it to a Roth. Vanguard, though, added a few bucks. I didn't want to convert for than the limit so now I have $2 sitting in my tIRA. Will this be a problem for next tax year by preventing me from another tax free conversion? I've heard about the rules for aggregate IRAs but $2?? I figure I will just add $5498 to the tIRA and convert it to the same Roth. Anyway, my tax guy kind of acted like I'm playing with fire. Any advice is appreciated.
Submitted March 26, 2017 at 08:41AM by RUEDBOY http://ift.tt/2nBy8pm
