Personal Investments • Can I do a back door Roth?

I had a simple IRA thru Vanguard that stopped being funded 5 years ago. I moved my office retirement plan to a 401k plan at that time.

The simple IRA has set dormant in my vanguard account until this year when I moved the money to a rollover IRA with vanguard.

I max out my 401k with profit share but wanted to inquire about the backdoor Roth.

Can I do a back door Roth with money in a rollover IRA? If so, what would be the process of completing the backdoor roth?

Thanks

Statistics: Posted by Midwest Dude — Thu Oct 10, 2024 7:54 pm — Replies 2 — Views 135

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