Roth IRAs have traditionally been off-limits to savers who earn too much. But the Backdoor Roth IRA is a tax loophole that allows anyone to open a Roth IRA. Here’s how.
Individual retirement arrangements, or IRAs, provide tax incentives for saving for retirement. If you can afford it, I strongly encourage everybody to contribute at least a little bit to a Roth IRA every year, even if you have a 401(k) or other retirement plan at work. And among the many benefits of IRAs is the […]