bluetrader518 OP t1_j2ee2ei wrote on December 31, 2022 at 5:21 PM

Reply to comment by freddie_the_mercury in Back door IRA question by bluetrader518

So the next year, I can just contribute right into that account?

debbiewith2 t1_j2efmde wrote on December 31, 2022 at 5:32 PM

Correct. And then convert into the same Roth.

nothlit t1_j2eiu8u wrote on December 31, 2022 at 5:53 PM

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 on December 31, 2022 at 10:55 PM

This was exactly the answer I was looking for. Thank you.