Backdoor Roth IRA

Maximizing Retirement Savings: How and When to Use a Backdoor Roth IRA

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For those looking to grow their retirement savings tax-free, the Roth IRA is often a go-to option. However, if your income exceeds certain limits, you may not be eligible to contribute directly to a Roth IRA. Fortunately, there’s a legal workaround known as the Backdoor Roth IRA that allows high earners to take advantage of … Read more