The Backdoor Roth Conversion – How High Earners Access Tax-Free Growth
Large amounts of income above the Roth income limit can be contributed to a traditional IRA and immediately converted to a Roth. Backdoor Roth conversions are legal and widely used, so use them to unlock tax-free retirement growth on any income. There is a catch. Pretax money already sitting in your IRAs taxes a portion of the conversion.
