Income too high? Then you’re probably not allowed to contribute to a Roth IRA. Likewise, a traditional IRA contribution may not be tax-deductible. To get around that (legally) you may do a Backdoor Roth by first contributing after-tax dollars to an IRA, then Roth converting. But beware the pro-rata rule…
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IRS 2021 limitations:
This information has been provided for educational purposes only and should not be considered financial advice. In addition, information may not be accurate at the time you read this. Please seek out a licensed professional for current advice specific to your situation….(read more)
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CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
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