There are several options when it comes to investing your money. You might wonder, what is a Backdoor Roth IRA?

A backdoor Roth IRA is not an official type of retirement account. Instead, it is an informal name for a complicated but IRS-sanctioned method for high-income taxpayers to fund a Roth, even if their incomes exceed the limits that the IRS allows for regular Roth contributions.

To put it simply, A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement.

Watch this video to learn more!

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Ray Halstead and Andrew McMillan are managing partners at REH CPAs in Mooresville, NC. They focus on helping small business owners with their bookkeeping, accounting, taxes, and ultimately allowing them to stay out of their books and in their business.

If you want to speak with someone about your small business taxes, give REH CPAs a call at (704) 662-8249….(read more)

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