How Does a Backdoor Roth IRA Work for High-Income Earners?
When it comes to building long-term, tax-efficient savings, a Roth IRA is an attractive tool. But for high earners, income limits often get in the way. Fortunately, even if you don’t qualify to contribute directly, you may still be able to direct money into a Roth account through a “Backdoor” Roth IRA contribution strategy, also known simply as a “Backdoor Roth IRA.”
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