Personal Investments • Robinhood 3% match old 401k rollover to Trad IRA

I’m looking to take advantage of the Robinhood Gold 3% match to roll an old 401k with $30k into a Robinhood trad IRA.

Each year I make max non-deductible after-tax contributions to the trad IRA and immediately convert to Roth using backdoor method, so balance of TIRA is zero.

My magi is too high for any other tax benefit.

Does it make sense for me to roll in the 401k considering there is $900 free money for doing so. What should I be taking into consideration?

What will happen when I pay in $7k for 2024 tax into the TIRA and then immediately convert to Roth via backdoor? Will there be any issues here. Thanks.

Thanks

Statistics: Posted by Carluccius8080 — Wed Mar 27, 2024 9:42 pm — Replies 0 — Views 59

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