When should I NOT convert to a backdoor Roth IRA?

You should not put money in a backdoor Roth if:

  • You have pre-tax IRAs in your name. The reason is that the IRS’s “prorate” rule will cause part of the conversion to be taxed, which is a kind of double taxation.
  • You have not filled out all of the pre-tax retirement space available to you (unless you are in a low tax bracket in medical school or residency).

What IS a backdoor Roth IRA?

When should I convert to a backdoor Roth IRA?

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