Backdoor IRA/Health Savings Account

[Austin Hunt]

Hi Everyone, I'm looking for some insight on how to reduce my taxable income. I already have a Roth IRA (Vanguard), but just recently heard about the backdoor IRA on the money podcast and was wondering if I would have to close that Roth IRA and open a traditional one with tax deductible money then convert it over to a Roth to avoid capital gains tax? If so how would I go about doing something like that?

Also The HSA really sparked my interest, but I read online that it is only for a high deductible high premium plan? Being that I'm 23 and healthy my deductible I don't believe is high enough. So would I have to go get new insurance in order to get an HSA or is there a way around that? 

Thanks Everyone