I am wondering whether it's legal to contribute. My company lets me do in plan conversion of post tax contributions to ROTH IRA.
Scenario 1:
Roth IRA in my name - $5500
Roth IRA in my wife's name - $5500 . (Wife isn't working for now)
Mega Backdoor Post-tax IRA to ROTH - $10000.
Scenario 2:
Roth IRA in my name - $5500
Roth IRA in my wife's name - $5500 . (Wife isn't working for now)
Mega Backdoor Post-tax IRA to ROTH - $25000.
Scenario 3:
Roth IRA in my name - $5500
Roth IRA in my wife's name - $5500 . (Wife isn't working for now)
Mega Backdoor Post-tax IRA to ROTH - $36000.
Does the Mega Backdoor limits $36,000 include the normal Roth Contribution too? Is Scenario 1 and Scenario 2 okay?
Submitted June 23, 2018 at 09:49AM by Ntwrkninja https://ift.tt/2yAunaL
