Ask an Advisor: I'm 44 With $1 Million in Retirement Savings. I Want a Backdoor Roth IRA, But I Don't Know Where to Start : vimarsana.com

Ask an Advisor: I'm 44 With $1 Million in Retirement Savings. I Want a Backdoor Roth IRA, But I Don't Know Where to Start

I’m 44 with $1 million in my 401(k), IRA and Roth IRA. Since my total household is above the threshold for investing in a Roth IRA, I have been considering employing the backdoor Roth IRA tactics. I left $700,000 in a 401(k) at my old employer. I am trying to strategize on “distributing” the old 401(k) balance […] The post Ask an Advisor: I’m 44 With $1 Million in Retirement Savings. I Want a Backdoor Roth IRA, But I Don’t Know Where to Start appeared first on SmartReads by SmartAsset.

Related Keywords

Michele Cagan , , Social Security , Move Out , Old Employer Retirement ,

© 2024 Vimarsana