Wednesday, March 27, 2013

Backdoor Roth IRA to a Roth Solo 401k



INQUIRY:

1. What I want to do is a "Backdoor Roth IRA" contribution as my income blocks the deductible IRA amount and the Roth IRA direct contribution

2. I want to be able to do a Roth IRA rollover to a Roth solo401K.

Thanks, EC in Wisconsin

ANSWER

Currently the IRS regulations do not permit the transfer of a Roth IRA funds to a Roth Solo 401k. Maybe for this very reason: “Backdoor Roth IRA” prospects like yourself.

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