Have traditional IRA with Fidelity with balance 3.7k (long story why). Now I want to make deposit and do backdoor transfer to RothIRA.
Was told by Fidelity that I can do it but then next year will have to pay tax on 3.7k.
Should I do it or just open new IRA with Vanguard and do backdoor transfer and leave 3.7 k in traditional IRA at Fidelity ?
Was told by Fidelity that I can do it but then next year will have to pay tax on 3.7k.
Should I do it or just open new IRA with Vanguard and do backdoor transfer and leave 3.7 k in traditional IRA at Fidelity ?
Comment