4 ms·
It's called Backdoor Roth Contribution [1]. It only really works if you don't have any normal IRA accounts. 1 - https://www.investopedia.com/terms/b/backdoor-r
by jeremy_k 5y ago
It's called Backdoor Roth Contribution [1]. It only really works if you don't have any normal IRA accounts.
1 - https://www.investopedia.com/terms/b/backdoor-roth-ira.asp https://www.investopedia.com/terms/b/backdoor-roth-ira.asp
- vitus 5y agoThe backdoor Roth didn't exist until 2010; Thiel's initial contributions were in 1999. https://en.wikipedia.org/wiki/Tax_Increase_Prevention_and_Reconciliation_Act_of_2005#Conversions_to_Roth_IRAs https://en.wikipedia.org/wiki/Tax_Increase_Prevention_and_Re...