The Backdoor Roth IRA: the opportunity and the caveats
The Roth IRA. It’s a good deal, right? Tax-free growth, no forced distributions at age 70½ and inheritors don’t have to pay income tax on distributions. So, why wouldn’t you contribute to a Roth IRA? Well, there are a couple of requirements and limits. For 2014, the maximum you can contribute is $5,500 ($6,500 if…
