[quote=UCGal]Since I’m not quite a 1%er I don’t have to worry about the $191k household income cap. 🙂
I’m very curious about the details on the myRA – and will be watching closely. Especially as to whether my “rinse and repeat” scenario will be true.
I can see upper middle income folks like me (under the $191k cap) diverting a lot of money into backdoor roths this way. Maybe not the intention of the program, but it may not be precluded.[/quote]
That definitely sounds like a good plan and idea… My understanding is there isn’t a minimum holding requirement period….
