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A legal way for high earners to fund a Roth IRA despite income limits.
The backdoor Roth is a strategy for those whose income is too high to contribute to a Roth IRA directly: you contribute to a Traditional IRA and then convert it to a Roth. It is sensitive to the IRS pro-rata rule, which can create unexpected tax if you hold other pre-tax IRA balances, so it is worth confirming the mechanics before doing it.
A high earner contributes to a Traditional IRA, then converts it to a Roth shortly after.
Converting pre-tax retirement funds to Roth can save thousands in future taxes — but the timing and amount matter enormously. Here is how to build a conversion strategy that works for your situation.
Read article →Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →