Non deductible IRA -> converted to Self Directed Roth?

[Esther Thomas]

Hi, I don't even know if this is possible.

I do not qualify for a Roth IRA or a deductible IRA.

I believe I can open up a non deductible IRA and convert it over to a Roth and there is no income requirement (cap) to do so.

Can so also do the same to a self directed Roth?

I was hoping to see if I can open up a non deductible IRA and convert it to a self directed Roth. Has anyone done this or have some information they can share on the process? Thanks!

[Dmitriy Fomichenko]

@Esther Thomas

another options you may want to consider is Solo 401k, which has Roth provision, but does not have income restriction on contributions. Also the Roth contribution limit is much larger compared to Roth IRA - $17,500 per year!