Investing: Difference between revisions
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;Notes | ;Notes | ||
* To avoid tax complications, you should eliminate all other pre-tax IRAs beforehand by rolling them over to a 401k | * To avoid tax complications, you should eliminate all other pre-tax IRAs beforehand by rolling them over to a 401k. Otherwise, you will be subject to the pro-rata rule. | ||
===Mega Backdoor Roth=== | ===Mega Backdoor Roth=== | ||
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{{main | Wealthfront }} | {{main | Wealthfront }} | ||
; [https://www.wealthfront.com/c/affiliates/invited/AFFA-BMT8-AIJ3-FS7E Referral]<br> | ; [https://www.wealthfront.com/c/affiliates/invited/AFFA-BMT8-AIJ3-FS7E Referral]<br> | ||
; | |||
; Cash Account | |||
Wealthfront offers a cash account. | Wealthfront offers a cash account. | ||
This account is distributed between | This account is distributed between up to several banks so it is FDIC Insured up to $3 million <ref name="wealthfrontfdic" />. | ||
==References== | |||
{{reflist|refs= | |||
<ref name="wealthfrontfdic">https://www.wealthfront.com/blog/wealthfront-fdic-insurance/</ref> | |||
}} | |||