Pro Rata Rule for Roth Rollovers – Is the Back Door Roth for You?

What is the Pro Rata Rule for Roth Rollovers?

After reviewing our 2014 taxes, I realized that we need to look for ways to cut our tax bill. I set up a call with our accountant and one topic which came up is the Backdoor Roth. This is a strategy for individuals whose income makes it impossible to directly contribute to a Roth IRA. Armed with enthusiasm, I was all set to open a traditional IRA and then roll it over into a Roth, until I read about thepro rata rule for Roth rollovers.

Bonus read;...