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You 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
by benmanns 10y ago
You 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.