What is a Backdoor Roth IRA?

Share ThisIf you are above the income limits for a Roth IRA don’t assume that you are restricted from opening one. The Backdoor Roth IRA is a tax loophole that allows anyone to open a Roth IRA. For 2020 if you are a Single filer and earn over $139k (over $206k for married filing jointly) you cannot contribute to a Roth IRA. But here a … Continue reading What is a Backdoor Roth IRA?