For those whose Modified Adjusted Gross Income (MAGI) exceeds the IRS limits for direct Roth IRA contributions, the backdoor Roth IRA provides a viable alternative. In 2025, single taxpayers with a ...
Roth IRAs allow you to take tax-free withdrawals in retirement. You're not required to take withdrawals from a Roth IRA at any time. High earners can use the backdoor method to work around the income ...