Investing: Difference between revisions

Investing (view source)

199 bytes added , 5 January 2020

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 ===Backdoor Roth IRA===
-Basically, contribute $6k to a traditional IRA and convert it to a Roth IRA.
+If you are a high-earner and believe you will earn more money in retirement,
+you may want to do a backdoor Roth IRA to grow your retirement account tax-free rather than tax-deferred.
+;Basic Idea
+* Contribute to a traditional IRA
+* Convert the traditional IRA into a Roth IRA
 ;Notes