Any reason not to do a backdoor roth ira?

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berg
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Any reason not to do a backdoor roth ira?

Postby berg » Wed Mar 13, 2013 6:28 am

Hi all -

I maxed out my 401k last year and have been saving likely too much cash. My wife is a teacher, so has a pension, though I don't really trust it.

I've been reading out the backdoor roth and I'm thinking of doing one for 2012 for her and I via Vanguard. Anything I'm missing not to?

Also, we have a 6 month emergency fund and we own 20% of our home with a 3.75% mortgage.

Thanks!

Bichon Frise
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Re: Any reason not to do a backdoor roth ira?

Postby Bichon Frise » Wed Mar 13, 2013 6:59 am

Assuming you don't have any other IRA accounts and it fits within your investing goals, generally it is advisable to to do a back door roth.
Bichon Frise

"If you only have 1 year to live, move to Penn...as it will seem like an eternity."

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