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MyNameIsVigil t1_iy9s264 wrote

There’s not much to it to screw up. Here’s all I do:

  1. Deposit $6k post-tax into my Traditional IRA. This account is just cash because it’s only a transfer mechanism.

  2. Transfer the $6k from the Traditional IRA account to my Roth IRA account. Both at Schwab, it’s just a simple transfer. The Roth account is soft-managed, so the money gets automatically allocated into my elected investments.

  3. If my tax software asks if I made any IRA contributions, I say $6k post-tax.

That’s all there is to it.

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