What Is a Backdoor Roth IRA? The backdoor Roth IRA is a maneuver that allows high earners to contribute indirectly to a Roth IRA when their incomes disqualify them from making direct contributions.

A Roth IRA is a type of investment account, not an investment itself. Once you fund it, you need to select investments. The main tax benefit is that while contributions are not tax-deductible in the ...

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...

For many savers, the individual retirement account is the most flexible way to build a nest egg alongside, or even instead of, a workplace plan. Understanding what an IRA is, how it works, and which ...

Citigroup's Roth IRA vs. Traditional IRA guide compares the two account types and how each handles taxes. The analysis ...

Yolander Prinzel has 10+ years of experience in the finance industry in various positions, including underwriter, trader, and finance writer. Vikki Velasquez is a researcher and writer who has managed ...