Back to Budgeting and Taxes
Saturday, April 7, 2012 - 4:47 PM
Time For A 'Backdoor' IRA?
From the Wall Street Journal:
Uncertainty over the fate of the looming 3.8% tax on investment income is fueling new focus on a trusted tax maneuver: the "backdoor" Roth individual retirement account.Read more
The move allows people to transfer money from taxable accounts to a Roth IRA, which earns tax-free income.
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