Tag: pro-rata rule explained
-
The Backdoor Roth IRA Guide (And How to Avoid the Pro-Rata Trap)
You got the promotion, you secured the six-figure salary, and you are finally ready to aggressively max out your Roth IRA. But when you log into your brokerage account to make your annual deposit, you hit a massive brick wall. Your CPA or tax software delivers the frustrating news: The IRS says you make too…