Submitted by Engininja_180PI t3_z89m7c in personalfinance
NaiveAppeaser t1_iyajycp wrote
If you want to do backdoor Roth then you will not want to own any traditional IRAs. In that case you would be better off moving to your current employer's plan, assuming it's got reasonable options and fees. If the backdoor Roth doesn't appeal or your current employer 401k is meh/bad, then I'd roll it to an IRA at Fidelity and call it a day!
Engininja_180PI OP t1_iyanbty wrote
Excuse my ignorance, but whats a backdoor IRA?
Thanks for the input!
NaiveAppeaser t1_iyapdcd wrote
https://www.bogleheads.org/wiki/Backdoor_Roth
Basically allows you to contribute to a Roth even if you have exceed the limits.
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