TopHot
Contributed to Roth IRA but over MAGI max
Contributed to Roth IRA but over MAGI max Hi - This was my first year being over the MAGI max. I contributed the $7k during 2024 and realized during my taxes that I was above the income limit. I re-characterized funds by transferring them from my Roth IRA to my traditional rollover IRA account. Is there any other step I should take to optimize this? Am I ineligible to do a Backdoor R...
Category:
