[quote=flu]
I would contribute to a Roth IRA via backdoor if I could. Unfortunately, I made the mistake of rolling out one of my previous employer’s 401k into a rollover IRA. So I can’t do a backdoor Roth IRA without paying taxes for the conversion. But my then again, my current and previous employer both offered a traditional 401k and a Roth 401k account.[/quote]
Thanks for writing out in more detail what I was trying to say in shorthand.
You’re right about the pro-rata rule. If you don’t have that issue, then a nondeductible IRA is similar to an After-Tax 401K. as donated by this post.
I’m currently doing the after-tax 401k since I’ve maxed mine out. I debating on switching to the nondeductible IRA, since I suspect the Back-door IRA strategy will be closed in the next administration.
