Money Girl

666 - What Is a Backdoor Roth IRA?

Episode Summary

Using a tax-free Roth to save for retirement is a smart move, but the Roth IRA door gets slammed in your face if you make too much money. Laura explains how high earners can still have one using a backdoor Roth IRA strategy. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter for regular updates. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/money-finance/investing/what-backdoor-roth-ira https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Episode Notes

Using a tax-free Roth to save for retirement is a smart move, but the Roth IRA door gets slammed in your face if you make too much money. Laura explains how high earners can still have one using a backdoor Roth IRA strategy.

Read the transcript.

Check out all the Quick and Dirty Tips shows.

Subscribe to the newsletter for regular updates.

Join the conversation on Facebook and Twitter.

Links:
https://www.quickanddirtytips.com/money-finance/investing/what-backdoor-roth-ira
https://www.quickanddirtytips.com/podcasts
https://www.quickanddirtytips.com/subscribe
https://www.facebook.com/MoneyGirlQDT
https://twitter.com/LauraAdams