Backdoor Roth IRA Contributions

Taxpayers are allowed to contribute up to $5500 to regular or Roth IRAs for 2017, the same contribution limits as for 2016. For taxpayers age 50 or older, an additional “catchup” contribution amount of up to $1000 can be made. Roth IRAs can be a great retirement savings vehicle and can outperform regular IRAs in [...]