What is a “Backdoor” Roth IRA Conversion and Should I Should Consider It?
A “Backdoor” Roth IRA conversion, in concept, is not different from a typical Roth IRA conversion. The actual conversion process is the same. The taxpayer is transferring funds from a tax-deferred traditional IRA to a tax-free Roth IRA and pays some income taxes on the amount transferred. The name “backdoor” is just an informal name […]
