financialRetirement
#RI-69aa7ff6·3 months ago·
1
“Mistakenly contributed to traditional IRA”
What Actually Happened
Contributed to traditional IRA and did a Backdoor Roth, now taxed too much
What I wish I knew
"Income is too high for Backdoor Roth"
Advice to Someone Facing This Now
If I could tell you one thing
"Check income before doing a Backdoor Roth"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
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financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
43%
of financial decisions land in the severe band the same as this one.
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