<prompt> Human: So, I have a work-sponsored 401k. I also have a Roth Target Year Retirement with Vanguard. My MAGI is over the limit for Roth contributions. As I understand it, I should contribute the maximum to a newly-opened traditional IRA. And then, before the fiscal year ends, I should roll 100 of that money to the Roth leaving the traditional IRA empty until the next fiscal year when I do this all over again. Am I understanding this correctly? Am I about to monetarily screw myself for some unknown reason? Thanks!  <response>: About to try the ol back door.uh... 