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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

     

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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.
      Working to protect good doctors from bad 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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