Earn too much for a Roth IRA?
There's still a way in- it's called a Backdoor Roth IRA contribution.
This strategy allows high earners to get money into a Roth IRA by first contributing to a Traditional IRA, then converting it. The result? Tax-free growth and tax-free withdrawals in retirement. It’s a powerful tool for long-term wealth building – and it’s completely legal.
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Kerim Tulun, CFP®
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