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Residents Using Backdoor Roth IRA

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  • Residents Using Backdoor Roth IRA

    Are any residents using the Backdoor Roth IRA?  It might be worth considering if a resident files taxes as married filing separately (since they are pursuing PSLF and don’t want their spouse’s income to affect student loan payments).  If their spouse has a relatively high income, and you have money you want to invest wisely, the Backdoor Roth IRA could be an option to consider.  Here is a post I wrote: http://www.doceden.com/why-some-residents-should-consider-a-backdoor-roth-ira/

    Thoughts?

  • #2
     




    Are any residents using the Backdoor Roth IRA?  It might be worth considering if a resident files taxes as married filing separately (since they are pursuing PSLF and don’t want their spouse’s income to affect student loan payments).  If their spouse has a relatively high income, and you have money you want to invest wisely, the Backdoor Roth IRA could be an option to consider.  Here is a post I wrote: http://www.doceden.com/why-some-residents-should-consider-a-backdoor-roth-ira/

    Thoughts?
    Click to expand...


    Concise, clear and useful. I enjoyed it.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      I'm single and used it my last calendar year of residency.  Made too much moonlighting income for the regular Roth.

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      • #4
        Good point Lithium - that's some nice moonlighting income!

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