I switched employers this year and rolled my old 401(k) into an IRA so that all of my retirement funds could be at the same institution. I misunderstood the pro rata rule, however, and now realize that this will significantly impact my ability to to backdoor Roth contributions each year.
It looks like the most sensible approach is to roll my IRA into my new 401(k). Is there any reason not to do this? Any sneaky tax issues I should look out for?
Submitted June 18, 2021 at 12:14AM by psuedopseudo https://ift.tt/2UejPJQ
