Currently, it looks like the tax rate will be going up, especially for those in the higher brackets. If rates are expected to be higher when you retire than what they are now, Roth IRAs should be a part of your tax planning conversation. The problem is that if your income is too high right now, the amount that you can contribute to these accounts may be limited.

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Listen to more of the Tax Insights Podcast on YouTube at

Listen to more of the Tax Insights Podcast at

0:00 – Introduction
1:02 – Roth IRAs
1:27 – Limits
2:10 – How to Contribute If Your Income Is Too High
2:30 – Backdoor Roth
2:59 – Can Anyone Do This?
3:24 – Traditional IRA
4:07 – How to Learn More…(read more)

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