Monthly Archives: February 2024
![](https://www.etax.com/blog/wp-content/uploads/2024/02/DALL·E-2024-02-15-12.41.22-A-landscape-oriented-scene-showing-a-man-and-Uncle-Sam-sitting-at-a-chess-table-in-a-competitive-yet-friendly-match.-The-man-is-focused-on-the-game-p-150x150.webp)
The term “Backdoor Roth IRA” refers to a strategy employed by individuals with higher incomes who are ineligible to directly contribute to a Roth IRA due to specific income limits. Instead of making a direct Roth contribution, these individuals contribute to a non-deductible traditional IRA and subsequently convert it into a Roth IRA. A Roth […]
— Read more