Is a Backdoor Roth IRA Right for You?

Backdoor Roth IRA – If your Modified Adjusted Gross Income for 2014 is greater than $191,000 and you are married filing jointly ($129,000 for single) you can no longer make a Roth IRA contribution.  Or can you?  If you have no other IRA’s, there’s are strategy that will work for you.  Make a non-deductible IRA contribution then immediately convert the non-deductible IRA to a Roth.  Beware of the tax pitfalls if you currently have a traditional IRA.  Consult with our office to see if this strategy will work for you.

TESTIMONIALS

I would like to take this opportunity to commend Snyder and Company, PA for doing an outstanding job.  I can truly say that they provide excellent customer service.   I have had the pleasure of working with Rob for the last several years and I couldn’t ask for a more professional, dedicated and committed CPA.  Rob always give his undivided attention to whatever matter or concern may arise.  He has helped me over come several obstacles throughout the years and has done so graciously.  Rob has gone beyond the call of duty to assist me establish an LLC and healthcare benefits for the company.
 
Rob is very knowledgeable when it comes to the ever changing tax laws and provides guidance on the best way to move forward my when changes directly affect my business.   
 
I would not hesitate to recommend Snyder and Company to anyone in need of excellent financial service.
Sharon Carter, Owner-Director, Toddlers Tech

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