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

My company’s most important asset are its people, and I must include Dennis Snyder among them. His company’s services are not only needed but appreciated.  He and his staff deliver general accounting, tax preparation, business counsel, and advice with professionalism and expertise. Their ethics, knowledge, value added services and, most importantly, friendship, make Snyder and Company a great firm to do business with.

- Matthew Skomorucha, ABC Sales & Service

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