Dear Friends,
This is a two part question:
1/ My wife's vanguard account under her retirement contributions is showing: 1/ EMPLOYEE ACCOUNT (12%) and 2/ ROTH account (0%). I am a bit confused on this ROTH account. She usually contributes to the Employee account (pre-tax) but have never done to this specific Roth account. Would this Roth account have income limits? and any thing we are missing here by not contributing? (our income limit usually does not allow us for tax free IRA and we do backdoor ROTH.
Which brings me to the second question:
2/ We usually do the the "backdoor Roth" and just added to that in 2025. This is separate from the Roth that's showing under her employee account.
For the backdoor Roth someone told me its no more a good idea to do this because of some "rule changes". Is this true or is the general consensus still say its better to do "back door Roth" and "mega backdoor Roths"?
This is a two part question:
1/ My wife's vanguard account under her retirement contributions is showing: 1/ EMPLOYEE ACCOUNT (12%) and 2/ ROTH account (0%). I am a bit confused on this ROTH account. She usually contributes to the Employee account (pre-tax) but have never done to this specific Roth account. Would this Roth account have income limits? and any thing we are missing here by not contributing? (our income limit usually does not allow us for tax free IRA and we do backdoor ROTH.
Which brings me to the second question:
2/ We usually do the the "backdoor Roth" and just added to that in 2025. This is separate from the Roth that's showing under her employee account.
For the backdoor Roth someone told me its no more a good idea to do this because of some "rule changes". Is this true or is the general consensus still say its better to do "back door Roth" and "mega backdoor Roths"?
Statistics: Posted by Ledzep91 — Mon Jan 06, 2025 1:54 pm — Replies 0 — Views 31