backdoor roth

Understanding the Backdoor and Mega Backdoor Roth IRA

Understanding the Backdoor and Mega Backdoor Roth IRA

The Roth IRA has earned its popularity with retirement savers—and for good reason. Funded with after-tax dollars, it offers the rare advantage of tax-free withdrawals in retirement, provided you’re at least 59½ and have held the account for five years.