Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Time For A 'Backdoor' IRA?

Saturday, April 7, 2012 - 4:47 PM
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.

The move allows people to transfer money from taxable accounts to a Roth IRA, which earns tax-free income.

Read more
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,611