patrick.net

If the "backdoor Roth" means you convert an IRA to a Roth IRA this is usually taxable.

I have converted a few bucks from an IRA to a Roth IRA and they sent me a 1099R and it's income.

I still like a tax efficient investment (Vanguard Tax Managed Capital Appreciation).

Edit: I mentioned it here somewhere, but I also bought a Vanguard Variable Annuity with extra dough decades ago.

This contains mutual funds which are called "sub accounts", and my expense ratio is very low.

You can stash a million bucks in one of these, and Uncle Sambo will never know you did; its contents aren't reported to the IRS, unlike your 401K, IRA, etc.

To avoid any unwanted distributions, I set the "annuity age" to age 99 in the contract.

Of course like all retirement accounts it's immune from civil judgement, which means you can run over a Mexican with a baby stroller and the shyster can't touch it.

clambo says

So, the "backdoor Roth" requires you are working for someone else with a W2?

I think so yeah. Mine is through Fidelity and my employer. I've been dumping my paychecks into that for almost 4 years.

what’s QQQ Rin?

Fortwaye says

what’s QQQ Rin?

It's the basic ETF which tracks the Nasdaq100. It's more or less, the main 'tech sector' tracker.

The reason why I don't like the S&P500 is that the Mag 7-10 tech sector stocks are nestled into their returns w/o trying to separate 'em out.

This keeps a layer of separation between the Nasdaq and Dow30.

"How NOT to Invest" by Barry Ritholtz

Fortwaye says

what’s QQQ Rin?

An index fund tracking Nasdaq 100.