DWC in Kiplinger: Leveraging a Backdoor Roth IRA

DWC | 12/28/17


If Roth IRAs offer a legitimate long-term savings strategy by allowing people to generate tax-free income, why do less than a third of IRA investors have such an account? The short answer is income limits; taxpayers above certain levels can't invest directly into a Roth IRA.

But, as Keith Clark writes in Kiplinger, they can contribute in a different way.

It's called a "backdoor" Roth IRA and is absolutely worth learning about for those who don't have traditional IRA assets and want to leverage tax-free income during retirement.

Clark describes what a backdoor Roth IRA is, how it works, and some important rules and tax considerations in the full Kiplinger article. 

Find it here!

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Topics: News, Roth IRA, DWC, Retirement Plan Investment Menu

The views expressed in this blog are those of the authors and do not necessarily represent the views of any other person or organization. All content is provided for informational purposes only and is not intended to be tax or legal advice.