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

Our company has been a client of Snyder and Company for many years.  As a small business we find that receiving monthly financial statements in an accurate and timely manner is critical to our planning and decision making process.  Their general business advice is very helpful in plotting a course for future business plans. Tax returns and tax planning is done in a professional and timely manner.

I would recommend Snyder and Company to any small business owner looking for professional accounting services.

- John R. Strojny, President, NB Retail Management, Inc.

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