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Backdoor Roth IRA Conversion – Did I do it right?
Backdoor Roth IRA Conversion - Did I do it right? Hello! 27 F here with a MAGI of $165,000 per year. I realize that I am above the MAGI limit for IRA contributions, so I did the 'backdoor' conversion of IRA to Roth IRA. I just wanted to check with y'all if I did it correctly. The steps I followed:
I opened a Traditional IRA and a Roth IRA at Fidelity I contributed $7,000 to the Traditional IRA...
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