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Backdoor roth if spouse has large amount in traditional Ira

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  • AZdoc68
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    Can I do a backdoor Roth IRA if my spouse has funds in a traditional IRA? She’s not working currently, so no option to rollover into a 401k, and the amount is too high to convert right now.

    We file jointly but curious if her traditional Ira impacts my ability to do one
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    The "I" in IRA stands for "individual".  In other words, IRAs are person-specific accounts.  Your spouse's IRA status doesn't affect yours and vice-versa.  So, yes, you can do a backdoor Roth as long as YOU don't run afoul of the pro-rata rule (i.e. have money in any traditional or SEP IRAs of your own).

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  • mamaham
    replied
    in the same boat...  about to open a solo 401k and put trad ira money in there.  this is an option to open the backdoor roth for a non-working spouse.  see the "opening a business to get an individual 401 k for a rollover"

    https://www.whitecoatinvestor.com/pennies-and-the-backdoor-roth-ira/

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  • Peds
    replied
    What DMFA said. They are individual.

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  • DMFA
    replied
    Her IRAs have nothing to do with yours, and vice versa.

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  • Backdoor roth if spouse has large amount in traditional Ira

    Can I do a backdoor Roth IRA if my spouse has funds in a traditional IRA? She's not working currently, so no option to rollover into a 401k, and the amount is too high to convert right now.

    We file jointly but curious if her traditional Ira impacts my ability to do one
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