Retirement
Backdoor Roth IRA
A strategy for high earners who exceed the Roth IRA income limits, involving a non-deductible Traditional IRA contribution followed by an immediate conversion to Roth. It is legal but requires careful tax tracking.
Retirement
A strategy for high earners who exceed the Roth IRA income limits, involving a non-deductible Traditional IRA contribution followed by an immediate conversion to Roth. It is legal but requires careful tax tracking.