Can you have an unlimited Roth IRA? That is, can you have unlimited contributions in a year to a Roth IRA? Technically, yes, if you use something called a Backdoor Roth IRA. This is where you rollover funds from a traditional IRA into a Roth IRA, so the limit would be the amount of money already in your traditional IRA. Backdoor Roth IRAs have no fixed annual contribution limits and no income caps. This makes them a great option for those with incomes that they expect to grow into and through retirement (which often is the case for many aggressive investors). A backdoor Roth IRA is a powerful way to potentially save a lot of money on taxes by the time you retire. MY BOOK -The One Property Retirement: FREE STOCKS -Open an account with Robinhood for a free stock: -Open an account with Webull for TWO free stocks: M1 FINANCE -Open a Free M1 Finance Account: -My M1 Finance Portfolio: MORE FREE STUFF -FREE Budget Template: -FREE Real Estate Metrics Spreadsheet: -FREE Rea...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)