You have until you file your taxes to make the IRA contribution.Thank you for your responsesWhat matters is the balance of your IRA's at the end of the year. The order in which you perform the actions is not the controlling factor (i.e., doing the backdoor Roth contribution/conversion before rolling over a 401k in the same year doesn't avoid a problem).
I'm not sure what you mean by your statements about the old 401k closing by December 31 and you wouldn't be able to set up a current (IRA?) before Dec. 31. I think you certainly can set up an IRA by the end of the year. If your old employer closes the old 401k by December 31 and you don't have a mechanism to roll it over to an IRA, then what happens?
I'm sorry, I should clarify that. At my previous job, I had a 401k, which was allowed to stay open after I left. However they are now closing that 401k and funds needs to rollover to another 401k or IRA. At my current job, I do not have a 401k.
I was working on getting one set up but wouldn't be able to accomplish before Dec 31. Therefore would have to roll the old 401k into the IRA and setting off pro rata problems
I think I will just skip the backdoor Roth IRA for myself for 2025. Seems a cleaner solution. I can still contribute for spouse so that's a consolation
Statistics: Posted by exodusNH — Sun Dec 07, 2025 2:55 am — Replies 4 — Views 324