Hi, kinda new to the forum and have a question.
I had a career (short) in pharma before going back to med school/residency/attendingship and have a IRA now with ~50k in it.
My wife has a similar situation with roughly the same amount.
Both our IRAs are in Fidelity.
We are considering starting to do the backdoor roth IRA but does the existence of an IRA with money in it change our tax implications? Should we move our IRA's into our new job 401ks to proceed with backdoor rothing.
thanks!
I had a career (short) in pharma before going back to med school/residency/attendingship and have a IRA now with ~50k in it.
My wife has a similar situation with roughly the same amount.
Both our IRAs are in Fidelity.
We are considering starting to do the backdoor roth IRA but does the existence of an IRA with money in it change our tax implications? Should we move our IRA's into our new job 401ks to proceed with backdoor rothing.
thanks!
Comment