How High Earners Can Save Thousands With These Two Tax Strategies! – Accountant Log

How High Earners Can Save Thousands With These Two Tax Strategies! – Accountant Log

Understanding the Backdoor Roth IRA The Backdoor Roth IRA is a strategy that allows high-income earners to contribute to a Roth IRA, despite the income limits. Here are some of the key benefits of the Backdoor Roth IRA: Key Benefits Contributions are made with after-tax dollars, not directly to a Roth IRA. The funds are then invested in a traditional IRA, which is not subject to income limits. The money grows tax-deferred, meaning it is not taxe…