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Mashtatoes t1_iubujyn wrote

If your 401k plan allows this, yes that’s a good plan.

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tastethesaltinthesea OP t1_iubvh6p wrote

Thanks for the quick response! Is there any tax implication after I move the IRA to 401k? In other words, do I need to wait until the next year or anything before doing the backdoor roth?

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Mashtatoes t1_iubw2h1 wrote

No. You can roll it over whenever. Make sure you follow all the rules about rollovers (within 60 days etc. if it’s indirect) and you’re golden.

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harrisc42 t1_iubzqy6 wrote

The only thing that matters is the traditional IRA balance at the end of the year. So as long as you move that money out of the IRA and into the 401k by the end of the year, you'll be fine.

You will stay pay taxes on your wife's IRA conversion.

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