I have two 401ks from former employers (total value \~400K) which I'd like to rollover to an IRA for various reasons (high fees, bad fund options)
I have a vanguard roth IRA with \~40k in it.
In an ideal scenario Id like to continue contributing the max via backdoor roth to my IRA for the foreseeable future, especially considering my current job doesnt have a 401k.
The way I see it - if i rollover my 401ks to a traditional IRA then I'd be shooting myself in the foot when trying to contribute to any backdoor IRAs in the future due to pro rata rules and conversion percentages.
Am I correct about that?
If so, is there a way to avoid this issue? I'd really like to rollover the 401k's as i really do not like where theyre currently kept (currently the 401ks are in PCG and Transamerica)