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re: Can I contribute a monthly amount to Max out my Roth IRA
Posted on 12/15/13 at 6:20 pm to Gorilla Ball
Posted on 12/15/13 at 6:20 pm to Gorilla Ball
quote:
no can you provide some info or cliff notes?
A Backdoor Roth IRA is a technique for contributing to a Roth IRA when your income exceeds the contribution limit. There is no income limit on contributing to a nondeductible Traditional IRA, nor on converting a Traditional IRA to a Roth IRA.
Here's a LINK that gives an example of how to do this.
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