Hi all,
After I left my last job I moved my 401k to Fidelity and it became a rollover IRA.
My income is now higher and I want to start doing a backdoor IRA but I can’t do this while I have the rollover IRA.
It seems like my two options are either to do a Roth conversion which merges the rollover IRA into my Roth IRA. Or I can open up a solo 401k and roll the rollover IRA into that.
Does it matter which option I choose?