Tag Archives: ROTH IRA

CREATING BACKDOOR ROTH IRA

Higher-income investors who want access to Roth IRAs may need to use the back door. IRS income limits restrict high-income investors from making Roth contributions. However, there are no income restrictions on conversions. These investors can contribute through the back door by making a nondeductible traditional IRA contribution and then converting to a Roth IRA. […]