A Backdoor Roth IRA is a way for people with high income to sidestep the Roth's income limits. Basically, you invest non-deductible money in a Traditional IRA, convert the account to a Roth IRA, pay any tax on the Traditional IRA earnings and you are done.

023: Backdoor Roth - published 08/17/2020

Tax trivia with Stephen B. Jordan

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Nuts with Taxes 

Nuts with Taxes 

Tax trivia with Stephen B. Jordan