backdoor roth ira
Avoid Taxes Wrecking Your Financial Independence Use Backdoor Roth
A backdoor Roth lets high-income earners bypass the Roth IRA income limit and grow money tax-free. By contributing to a nondeductible traditional IRA and then converting it, you lock in future gains that are never taxed again. In 2024, the strategy can unlock up to $39,000 of tax-free growth