Hi all,
So I went and got my vanguard accounts all set up and I transferred 5500 into each of our IRA's yesterday and am now ready to convert to roth. What I didn't realize is that I just added the 5500 to the federal money market (settlement fund) instead of an actual vanguard fund (i.e the Prime Money Market like WCI and PoF suggest). Can I still do the backdoor conversion from the settlement fund or do I need to do it from the Prime Moneymarket? I assume if I buy into the Prime I would just have to wait a day to do the backdoor right? I am sure this is a basic thing but I don't want to goof it up my first try!
Thanks very much!
So I went and got my vanguard accounts all set up and I transferred 5500 into each of our IRA's yesterday and am now ready to convert to roth. What I didn't realize is that I just added the 5500 to the federal money market (settlement fund) instead of an actual vanguard fund (i.e the Prime Money Market like WCI and PoF suggest). Can I still do the backdoor conversion from the settlement fund or do I need to do it from the Prime Moneymarket? I assume if I buy into the Prime I would just have to wait a day to do the backdoor right? I am sure this is a basic thing but I don't want to goof it up my first try!
Thanks very much!
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