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  2. To create a backdoor Roth IRA with Fidelity, you need to follow these steps12:
    1. Determine eligibility for a backdoor Roth IRA.
    2. Open a Traditional IRA with Fidelity.
    3. Contribute to the Traditional IRA.
    4. Convert the Traditional IRA to a Roth IRA.
    5. Pay taxes on the conversion.
    6. Invest in Fidelity Funds or other investment options.
    Learn more:

    What are the Steps to Create a Backdoor Roth IRA with Fidelity?

    • Step 1: Determine Eligibility for a Backdoor Roth IRA ...
    • Step 2: Open a Traditional IRA with Fidelity ...
    • Step 3: Contribute to the Traditional IRA ...
    www.process.st/how-to/set-up-a-backdoor-roth-ira …

    Step-by-Step Guide to Doing a Backdoor Roth IRA with Fidelity

    • Step 1: Open a Traditional IRA with Fidelity ...
    • Step 2: Contribute to the Traditional IRA ...
    • Step 3: Convert to a Roth IRA ...
    • Step 4: Pay Taxes on the Conversion ...
    www.process.st/how-to/do-a-backdoor-roth-ira-wit…
     
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    Mar 11, 2024 · A backdoor Roth can be created by first contributing to a traditional IRA and then immediately converting it to a Roth IRA to avoid paying taxes on any earnings or having earnings that put you...

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    In this article, we'll walk through step-by-step how to do a Backdoor Roth IRA including screenshots. This article shows Fidelity screenshots, but the concepts

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