A backdoor Roth IRA isn’t a specific type of individual retirement account. Rather, it’s a description of a strategy to help wealthier taxpayers avoid certain Roth IRA restrictions.

Hollywood legend Kevin Costner ruminates on President Teddy Roosevelt in the new Fox Nation limited series 'Yellowstone to Yosemite.' Unlocking tax-free retirement savings: Learn about the backdoor ...

Today, let’s meet IMovedYourCheese on Reddit. Cheese is a higher earner who’s been diligently following the traditional ...

A potential solution is a Roth IRA conversion, otherwise known as a “backdoor Roth.” With a conversion, you take assets in an existing pre-tax account, like a traditional IRA or 401(k), and ...

A mega backdoor Roth IRA allows high earners to exceed standard Roth contribution limits. Contributions hinge on maxing out 401(k) and potentially nondeductible IRA contributions. For optimal tax ...

is as a conduit to a Roth IRA via the “backdoor Roth IRA maneuver.” The investor simply makes a contribution to a nondeductible IRA and then converts those moneys to a Roth shortly thereafter.

High-income households can use what’s called a “backdoor Roth” to utilize a Roth IRA despite the program’s standard income restrictions. This can be an effective way to build a tax-free ...

If your earnings are high enough to prevent you from contributing directly to a Roth IRA, you can use a Roth conversion as a backdoor entry into future tax-free income in retirement. Here's a ...

However, a workaround called the backdoor Roth IRA helps high-earners navigate the income limits that apply to Roth IRA contributions. Although the name has a dubious ring to it, the backdoor Roth ...

For high-income earners, including physicians, getting funds directly into a Roth IRA or other after-tax accounts can be a ...

Saving up for retirement. The author of the original post says that their employer allows them to split their retirement contributions between a pre-tax IRA and a Roth IRA, (they also said there ...