Personal Investments • Backdoor Roth Question

Is it okay if the amount went into the Traditional IRA under VTSAX and not the Money Market Fund?

That is ok but it is even better if you leave it in a money market fund instead, so the value doesn't change. When you convert soon after the money lands in the IRA, also check that you want to convert the entire balance instead of a dollar amount. Even a money market fund might give you interest for the day the money is in there. If you notice that, just go ahead and convert that too.

Statistics: Posted by celia — Sat Jun 01, 2024 2:57 am — Replies 5 — Views 526

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