How does the backdoor Roth rollover work?
high earners that can't get a roth contribution, convert their traditional IRA to roth. So they can make a traditional IRA contribution (taxed) and then "convert" it to a roth.
this only works if you don't have an existing traditional IRA. If you have 100k+ in traditional IRAs, you get taxed on the 100k+ when you do it and its painful.
Pretty much when you get to be a high earner, you lose these retirement niceities.
but of course, you are making $200k a year to hit that and should you complain too much?