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Good and Bad problem - I made too much money this year!
Well - after my last paycheck I have made over $166k so far this year. I am extremely intrigued by the backdoor IRA. I have a few questions:
Can I do this through Vanguard? Is it as simple as opening a traditional IRA AND a roth IRA - then putting $6500 into the traditional and immediately transferring the funds to an IRA?
Or am I way off with all this?