Backdoor Roth IRAs have emerged as a strategic tool for high-income earners looking to maximize their retirement savings. Roth IRAs can be essential to retirement preparation, but only up to certain income levels ($161,000 in 2024). You become ineligible once you exceed the Modified Adjusted Gross Income limit. Once you’ve hit the income ceiling for […] Read more “What is the Back Door Roth?”
Tag: IRA
If you are a salaried employee working for an established company, your employer likely provides you with a range of perks and programs that you’d have to pay for or take care of yourself if you ran your own business. From that ever-flowing coffee in the break-room to solid health insurance to the slice of […] Read more “SEP IRAs: An Attractive Retirement Savings Option for Freelancers and the Self-Employed”