Backdoor Roth Miscue

Retirement

This week I funded the 2023 traditional IRA contributions for my wife and I but when putting in the transfer I accidentally selected an index fund to invest in instead of leaving it in cash. At the start of the year both Traditional IRAs had a $0 balance, can I still convert to cash and then to Roth to purchase the same index fund or are there different steps I now have to take?

Posted Jan 4, 2023, 6:17 PM UTC

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