02-20-2017, 10:47 AM
Using the "back door" ROTH contribution is helpful when your IRA is non deductible for the year.
Make your non deductible IRA contribution. It needs to be in it's own account and not combined with a previous IRA. Then make a ROTH IRA rollover for that account. This is popular with doctors and other high earners.
Make your non deductible IRA contribution. It needs to be in it's own account and not combined with a previous IRA. Then make a ROTH IRA rollover for that account. This is popular with doctors and other high earners.