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Backdoor Roth and pension plan

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  • Backdoor Roth and pension plan

    Hi all, just finished taxes and was told that due to pension plan (retired military), I can’t continue to contribute to a backdoor Roth? Does that make sense? Appreciate any advice…thanks

  • #2
    Nope. Your total income might prevent you from contributing directly to a Roth IRA, but it shouldn’t keep you from making a back door Roth IRA contribution.

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    • #3
      Don't listen to that person you have

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      • #4
        Appreciate the replies…thank you

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        • #5
          This wasn’t perhaps a FirstCommand guy suggesting that you invest more money that would be subject to asset under management fees rather than using a back door Roth through a low cost company like Schwab, Vanguard, or Fidelity, was it?

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