Reply To: 2021 IRA

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Alan S.

Yes, since the deadline for a 2021 contribution will be 4/15/2022, she can wait until she knows if her MAGI allows a Roth contribution for 2021, and then make that contribution by 4/15.

This should prevent additional transactions such as recharacterization or removal of excess, but a year or more is lost before any gains will be earned on the contribution, and that’s more impactful if the contribution is a Roth contribution where gains would eventually be tax free.

The back door Roth would be a better alternative for most, but because she has these other non Roth accounts, the back door will not work.