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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
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69952 posts
Posted on 12/15/13 at 6:20 pm to
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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