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  • backdoor roth

    hi everyone,

    I opened up a 2015 backdoor roth in 2015. I converted my previous SEP into a solo 401k. I currently still have a 403b plan to which i contributed while i was in residency. Should I have also converted my 403b into another account in order to avoid a pro-rata calculation? Or does a 403b not even fall under the pro-rata calculation?

    thanks in advance!

  • #2
    The 403(b) does not fall into that calculation. It would only be problematic if you rolled over the 403(b) to an IRA and didn't convert it.

    Larry

     
    Lawrence B. Keller, CFP, CLU, ChFC, RHU, LUTCF
    www.physicianfinancialservices.com

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    • #3
      You're fine. Might want to go ahead and roll the 403b into the SOLO-k to consolidate. It will be simpler to manage and you'll have a better choice of investments.
      Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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      • #4
        Great. Thank you both for your input.

        Cheers!

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