Residents Using Backdoor Roth IRA

[DocEden]

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?

[jfoxcpacfp]

 

DocEden wrote:

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?

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Concise, clear and useful. I enjoyed it.

[Lithium]

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

[DocEden]

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