04-09-2025, 03:06 AM
De64
Welcome to the forum! I also have multiple accounts that for the most part are very close in style--As DW has said it might be beneficial to limit DGI in a regular brokerage account due to taxes, if that's a concern. I do find it easier to manage the different accounts with the same company's across the those accounts.
A backdoor ROTH conversion can be beneficial down the road if you think you'll end up in a much higher tax bracket later on in retirement years, it can lesson the blow and put more money in your pocket or eventual heirs. If doing a conversion I would only do it it you have the money saved up to pay those taxes upfront, in other words, you're not selling any of those converted funds to pay those taxes.
Don't listen to Ken!! TSLA is not going bankrupt.
Welcome to the forum! I also have multiple accounts that for the most part are very close in style--As DW has said it might be beneficial to limit DGI in a regular brokerage account due to taxes, if that's a concern. I do find it easier to manage the different accounts with the same company's across the those accounts.
A backdoor ROTH conversion can be beneficial down the road if you think you'll end up in a much higher tax bracket later on in retirement years, it can lesson the blow and put more money in your pocket or eventual heirs. If doing a conversion I would only do it it you have the money saved up to pay those taxes upfront, in other words, you're not selling any of those converted funds to pay those taxes.
Don't listen to Ken!! TSLA is not going bankrupt.