Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes?
A backdoor Roth conversion can save you significantly in future taxes, but at the cost of paying those taxes now. This isn’t always a good deal in the long run. If you’re considering a backdoor Roth IRA or other strategies to save on taxes, consider talking it over with a financial advisor. For example, perhaps […] The post Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes? appeared first on SmartReads by SmartAsset.