My wife and I are right around the maximum married filing jointly max income for Roth contributions. Every year it seems like a guessing game if we will be over or under it.
I have a Simple IRA at work which I contribute 4% to (taking full advantage of the 3% match).
Should I just abandon future Roth contributions to avoid potentially exceeding the income limits? I know the back-door Roth is an option but I've heard that it doesn't make sense if I also have a Simple IRA.
Thank you!
original posted by Davissw to r/personalfinance on Tue, 05 Mar 2024 17:27:23 GMT.