Showing posts with label if you’re a person below those income levels. Show all posts
Showing posts with label if you’re a person below those income levels. Show all posts

Saturday, December 21, 2019

So, if you’re a person below those income levels

So, if you’re a person below those income levels – and about 90% of Americans are below that level – you don’t need to worry about a “backdoor” Roth IRA at all. You can just contribute normally without worrying about it. The “backdoor Roth IRA” only matters to people earning above the income cap for a Roth IRA – about 10% of Americans. If you’re not in that 10% group, don’t worry about it at all! You can stop right here and move on to something else, unless you’re just feeding your curiosity.

So, what can the remaining 10% of people do? They have the option oBig Boss vote

So, if you’re a person below those income levels

So, if you’re a person below those income levels – and about 90% of Americans are below that level – you don’t need to worry about a “backd...