u/Great_Director_6934

Next year (2027 tax year) the wife and I will be over the income limit to contribute to our roth accounts. This year we will squeak right under the limit. I am currently planning ahead to have everything lined up to do a back door Roth for both of us at the beginning of the year. Question though… my wife currently had an old rollover ira of about $3,500 in a fidelity account. If I understand correctly, she would not be able to do a back door roth with having that account. What should we do with that account? ELI5

Thanks