Submitted by bluetrader518 t3_zzyjbd in personalfinance
nothlit t1_j2eiu8u wrote
Reply to comment by bluetrader518 in Back door IRA question by bluetrader518
Every year that the backdoor method is required, you must contribute to the traditional IRA and then convert to Roth IRA. You can keep and reuse the same traditional IRA and Roth IRA year after year.
bluetrader518 OP t1_j2fp88d wrote
This was exactly the answer I was looking for. Thank you.
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