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09/10- How does a Backdoor Roth work?
Published 9 months, 1 week ago
Description
Roth IRAs can offer substantial benefits. Tax deferred growth, tax free withdrawals and no Required Minimum Distributions. But if you are single and your Modified Adjusted Income is greater than $150,000 or your joint income exceeds $236,000, you are not eligible for a Roth contribution. However, there is a work around and it’s called the Backdoor Roth. We’ll explain how it works, the benefits and the rules, this afternoon on the Jon Sanchez Show at 3pm.