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How The Backdoor Roth IRA Contribution Works

March 13, 2024 | Categories: Will’s Touches

Like any other financial planning strategy, a Roth IRA is not a one-size-fits-all solution. Therefore, a suitability assessment will determine if the Roth IRA is the right choice for you. If a Roth IRA is suitable for you but your income prohibits a direct contribution, a Backdoor Roth might be the right way to go.  A thoughtful discussion with your financial planner is a good idea and this method is a great way to begin the conversation.

 

How The Backdoor Roth IRA Contribution Works