Hello, I was wondering how would I go about signing up for a backdoor Roth IRA? I am over the individual threshold and was wondering if it is an extensive process and if there are any fees I would have to pay?
Thank you
Hello, I was wondering how would I go about signing up for a backdoor Roth IRA? I am over the individual threshold and was wondering if it is an extensive process and if there are any fees I would have to pay?
Thank you
Welcome @apraka24!
Here’s an overview of how the process works. It’s not especially extensive, and there shouldn’t be an additional fees, but there is a “got ya”, if you already have any existing pre-tax money in any IRAs: