Tykimeister
Recycles dryer sheets
- Joined
- Aug 21, 2008
- Messages
- 98
Hello, I am fairly sure I will be earning more than the limit in 2022 to contribute to a ROTH. This is a first for me. I had a couple questions about how I should go about completing a backdoor ROTH conversion.
I want to get into the market now while it is down. But I am assuming I will need to place my contribution into a traditional IRA if I am very certain my income will be more than the 2022 limit? And at what point can I convert it into a ROTH?
Thank you!
I want to get into the market now while it is down. But I am assuming I will need to place my contribution into a traditional IRA if I am very certain my income will be more than the 2022 limit? And at what point can I convert it into a ROTH?
Thank you!