I would like to lower my AGI for 2019. I see a couple of things that make it look possible. First there is something called Back Door conversions. This will allow money in an Regular IRA to be converted to a Roth IRA without the MAGI limitations. Second there is something called a spousal IRA contribution which allows a non working spouse to contribute to a new Roth IRA created above in conversion. It looks like these two things would allow contributions to which I think will lower my AGI.
We are married filing jointly and are both over 69 years of age. We are both collecting Social Security. The amount I need to lower AGI by is onlt about $1200. It also looks like I would have until April 15, 2020 to accomplish this.
Does this seem correct or am I missing something. I welcome any other ideas to accomplish the same thing.
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