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Depending on how much you've earned during the year, a Roth IRA may not be an option (exact threshold I've forgotten but it's around $120,000)
by jsutton 8y ago
Depending on how much you've earned during the year, a Roth IRA may not be an option (exact threshold I've forgotten but it's around $120,000)
- tyrust 8y agoThe Backdoor Roth IRA circumvents this. In short, you invest in a Traditional IRA and convert the contribution to a Roth IRA. https://www.bogleheads.org/wiki/Backdoor_Roth_IRA https://www.bogleheads.org/wiki/Backdoor_Roth_IRA