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

“We continue to benefit from choosing Snyder and Company. Their expertise and professionalism ensure accurate tax documents completed promptly. Their cordiality and responsiveness provides peace of mind – I know I can call any time and get the help I need.”

- Martin Sarkissian, Inspired! – Facilitating Growth…Inspiring People

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