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One issue with the Roth IRA. You're contribution limit goes to zero after you make more than around 180K (depending on how you file).
by k2xl 10y ago
One issue with the Roth IRA. You're contribution limit goes to zero after you make more than around 180K (depending on how you file).
- benmanns 10y agoYou can contribute to a non-deductible IRA and then after a (short) period convert it to a Roth IRA. If you don't have other traditional IRA funds (the basis is pro-rated across all traditional IRA accounts).
- loeg 10y agoGoogle "backdoor Roth" for more thorough description and discussion.