Make over $144,000 a year?
You are blocked from a Roth IRA.
But not really.
Enter the backdoor Roth.
Perfectly legal.
Still open.
Still effective.
Step one
Open a traditional IRA
Make a nondeductible contribution
Step two
Convert it to a Roth IRA
No income limits on conversions
Step three
Let it grow tax free for life
One catch
Do not invest before converting
Or you trigger tax on gains
Report it properly
Use IRS Form 8606
No shortcuts
And here is the twist
If you already have money in a 401k
A full Roth conversion might be better
Faster
Bigger
Cleaner
Know the rules
Then play like the rich do




