Maxed out ROTH IRA in 2022, realized my spouse and I made too much so we had to pull excess of about 2500 + earnings from our Roth IRA. At this point we’re getting a check sent to us.

Thinking of what to do with it.

Set it up in a traditional IRA and back door for 2023.
Put in taxable brokerage account
Save it for short term goals
Enjoy some + combination 1,2, or 3.

No non-mortgage debt and we will be making more $ this year combined so won’t be able to max out again.

Would love to know your thoughts on what to do?

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AutoModerator t1_jaf43dc wrote on February 28, 2023 at 11:53 PM

Werewolfdad t1_jaf4545 wrote on February 28, 2023 at 11:53 PM