Roth IRA Back Door Strategy This video covers the income limits of a Roth IRA and how it is possible to still invest using a Roth IRA even if you exceed the income limits. #shorts... ( read more )
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The Roth IRA backdoor strategy is a method for high-income earners to take advantage of the benefits of a Roth Individual retirement account (IRA), even if they exceed the income limits set by the Internal Revenue Service (IRS). By utilizing this strategy, individuals can enjoy tax-free growth and tax-free withdrawals during their retirement years. Before we dive into the strategy, let's first understand what a Roth IRA is. A Roth IRA is a retirement investment account that allows individuals to contribute after-tax dollars. The contributions made to a Roth IRA are not tax-deductible, meaning you don't receive...
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