9/27/24

$mart Money Minute: What is a Backdoor Roth Conversion?

If you are maxing out your 401k savings plan options and wondering what else you can do to save for your future and reduced lifetime taxes, backdoor Roth conversions are a strategy you should be aware of. If you set yourself up correctly, it is essentially a 2 step process to still make Roth contributions each year even when you exceed the allowed income limits.

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