Backdoor Roth IRA
What Is a Backdoor Roth IRA? A backdoor Roth IRA is a strategy rather than an official type of individual retirement account. It is a technique used by high-income earners—who exceed Roth IRA income limits—to convert their traditional IRA to a Roth IRA. Depending on your age, you can make a contribution of either $6000 or $7000 into…