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  • tanishasahu0911

    •

    3 months

    "Easy" way to get more money into your Roth IRA than usual (more than the backdoors)

    So you've already put the $7000/year backdoor Roth IRA, you're already treating trading as a business and maxing out your SEP-IRA and putting $60K+ and converting that into Roth, what do you do next? Here's how: Find an option (call or put both OK) that you believe have a high (>60%) chance of going up, buy the option in Roth, sell the same option outside the Roth, close out the positions as soon as it moves in the direction you want, and you've effectively "wired" money into your Roth through the options exchange. If they start to go in the wrong direction, no big deal, you just accidentally wired money the other way, try again. In other news -- I think you can also use this to wire money OUT of your Roth before you are 59 1/2. You'll end up having to pay taxes but not penalties. Disclaimers: IANAL, IANACPA, this is not investment advice, blah blah
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