I Will Make $200k This Year. How Can I Use a Backdoor Roth to Avoid Taxes in Retirement?
If you’re a relatively high earner, you might be locked out of making Roth IRA contributions due to the account’s associated income caps. In that case, you can instead consider a conversion, otherwise known as a “backdoor Roth.” The advantage to doing this is that you will avoid all income taxes on withdrawals from the […] The post I Will Make $200k This Year. How Can I Use a Backdoor Roth to Avoid Taxes in Retirement? appeared first on SmartReads by SmartAsset.