What is a “Backdoor Roth”?

Mark WagnerRoth IRA

The rules say that if your income is over $150,000 per year ($236,000 joint), you cannot make a contribution to a Roth IRA. But do not let this stop you. Tell your financial advisor that you want to make a “backdoor Roth” contribution. This simply means that you make a NON-deductible contribution to a traditional IRA, then immediately convert it … Read More