Roth IRA: Tax-Free Retirement

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I earn $200K per year and will likely retire in a higher tax bracket. Is a backdoor Roth IRA a good strategy for me?

Summary

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62% Informative

For 2025 , single filers earning more than $150,000 annually can't directly contribute to Roth IRAs.

But there's a loophole: first , contribute to a traditional IRA, then convert those funds into a Roth IRA.

The key to success is converting only after-tax contributions.

The backdoor Roth IRA might feel a bit clandestine, but it's potentially transformative and potentially transformative for your retirement.

Dave Ramsey says this 7 -step plan works every single time’ to kill debt, get rich in America — and that anyone’ can do it - Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead - Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind..

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