Personal Finance (Not Investing) • Eligible for Backdoor Roth?

Hi BHs,

Since I've found Bogelheads, I've made some changes and continue to learn sound financial advice and tax advantage.

Situation:
This calendar year, I transferred my Roth IRA, Trad IRA, and Taxable from Morgan Stanley to Vanguard self-direct. I needed to sell funds in each account that were not transferrable to Vanguard. As I am an HCE, I am unable to contribute to Roth IRA and am interested in doing a backdoor Roth, or After Tax 401K contribution. To do this, I would need to transfer and close the Trad IRA to employer 401K at Fidelity (after-tax contributions are allowed, I asked).

Question:
Am I eligible since I moved the Trad IRA once this year? Or do I need to wait until January or 365 days from transfer to Vanguard?

Thanks

Statistics: Posted by Newbie1900 — Wed Oct 09, 2024 8:49 pm — Replies 1 — Views 78

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