Roth Backdoor with RRSP's

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niloch
Posts: 6
Joined: Tue Jul 13, 2010 7:42 am

Roth Backdoor with RRSP's

Post by niloch »

Hello,

I moved down to the US about 2 years ago, since then I've been maxing out my 401k (mix IRA/ROTH). I'm now looking at other tax advantaged vehicles for additional savings. Since my income is over the limits of a traditional ROTH IRA I'm considering doing the IRA to ROTH backdoor Conversion. http://www.bogleheads.org/wiki/Backdoor_Roth_IRA

From what I've read this is pretty simple since I don't have an pre-existing IRA's. My question is, would my Canadian RRSP's factor into this equation on the conversion and be considered taxable?

Or am I in an ideal situation where I can do the 5k->Roth on an annual basis since I don't have any pre-existing IRA's?
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nelsona
Posts: 18680
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

RRSPs have no bearing on IRA.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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