retirementRoth IRA
#RI-69ba7165·4 months ago·
1
“Considering backdoor Roth withdrawal strategy”
What Actually Happened
I opened a 3-year-old Roth IRA and did a backdoor conversion, but now I'm unsure about withdrawing the non-taxable principal
What I wish I knew
"I should have waited longer for the account to mature"
Advice to Someone Facing This Now
If I could tell you one thing
"Be cautious when withdrawing from a backdoor Roth conversion, and consider consulting a tax professional"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
retirement Category
9
retirement decisions logged. Avg regret 3.8/10 across the category.
Same Outcome Band
22%
of retirement decisions land in the severe band the same as this one.
React, question, or discuss this decision.