Sun May 05 2024, by Tyler Gardner
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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