High earners often weigh the mega backdoor Roth against the backdoor Roth to expand tax-free growth. A backdoor Roth works by making a nondeductible traditional IRA contribution and then converting it ...

Backdoor Roth IRAs are popular with high earners who make too much to contribute directly to a Roth. The idea sounds simple: ...

This article, the first of a three-part series on how to implement an effective backdoor Roth strategy, was written by guest contributors Steven Jarvis, CPA, MBA, and Matthew Jarvis, CFP. However, ...

Every year, thousands of high earners follow the same advice: make a non-deductible traditional IRA contribution and ...

Among the investment strategies that those living in the FIRE world pursue, IRAs are a popular option. Thanks to their tax-free growth, many in this community love the idea of this option over a more ...

If you have taken distributions from any tax-deferred retirement account, you know that the distribution is reported on IRS Form 1099-R. A Form 1099-R is not usually issued for money that is added to ...

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...

The so-called “backdoor Roth IRA” is a powerful tool that allows higher-income taxpayers to fund Roth IRAs indirectly when the income limitations would otherwise prevent them from contributing to a ...