Sun May 05 2024, by Tyler Gardner

Roth IRABackdoor RothRetirement SavingsFinancial StrategiesInvestment Planning

The Backdoor Roth IRA: How It Works and What You Need to Know

Tyler?

Yep.

Looks like you made over $144,000 this year. So, no more contributions to your Roth IRA.

Oh, I’ll just use the backdoor.

Uh... I just contribute the $6,000 to a traditional IRA, no income limits, and then convert it to a Roth.

Wait, but you can't... We... It's not in... You can't just... Can he do that?

He... He can do that?

Toodaloo!

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