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Why Do High Earners Actually Need a Backdoor Roth IRA?

Why Do High Earners Actually Need a Backdoor Roth IRA?

Quick answer: High earners need the backdoor strategy specifically because the IRS phases out direct Roth IRA contribution eligibility above certain income levels - without the two-step contribute-then-convert approach, someone above that income threshold has no legal way to contribute to a Roth...

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