JHZR2
Staff member
Anyone know of the Backdoor way to get money into a Roth? Wife and I make enough to not directly qualify for a Roth... However, I have heard that one can fund a traditional IRA and the do a Roth diversion, effectively getting money into a Roth through a backdoor.
Since we wouldn't get the traditional IRA tax deduction (fund with pretax dollars), it is all taxed dollars, so hopefully it wouldnt get taxed double...
Anyone know of this?
Since we wouldn't get the traditional IRA tax deduction (fund with pretax dollars), it is all taxed dollars, so hopefully it wouldnt get taxed double...
Anyone know of this?
