Follow these step-by-step instructions with screenshots and clear explanation to report your Backdoor Roth in H&R Block tax software.
Follow these detailed step-by-step instructions with clear explanation and many screenshots when you report your Backdoor Roth in TurboTax.
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.
Use this calculator to see the marginal tax rate on Roth conversions and long-term capital gains when you also receive a subsidy on ACA health insurance.
A graphical illustration of what happens when you do a Roth IRA conversion.
When your 401k-type plan allows non-Roth after-tax contributions, you can take the money out to a Roth IRA or convert to Roth within the plan. Either way works.
Some term life insurance policies offer better conversion options than others. How do you decide whether the better conversion options are worth the higher price?
You still have good access to your money before age 59-1/2 when you do the after-tax 401k or 403b rolled over to Roth IRA.