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Thanks for the exceptionally clear reply. That also makes this something of a no-brainer, I guess.

You're welcome. Yes, if you have no Traditional IRAs and were going to be saving/investing the $7,000 anyway, then it pretty much is a no-brainer to do a back-door Roth while you are still working. Putting the money into a tax-free account still beats putting it into a taxable account in the long run. If you are married, and your spouse also has no Traditional IRAs, keep in mind that they can do a back-door Roth, too.

I've had this Roth for many years and will hit the magic age in 3. Though maybe not ready to make withdrawals.

Keep in mind that you after you quit working, you can do conversions from your 401(k) account, either into a Roth 401(k) if your plan allows that option, or into your Roth IRA. Especially if you will be in a lower tax bracket than when you were working, it will be a way to pay less tax than you saved while making pre-tax Traditional 401(k) contributions, and will also help to lower your RMDs.

AJ
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