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Reply to "Are backdoor roths still available next year?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It says, in relevant part, "When it comes to Roth IRAs, you may not contribute to one next year if you make more than $161,000 for singles (up from $153,000 currently) and $240,000 (up from $228,000) for married couples filing jointly."[/quote] This is for direct Roth contribution. Backdoor Roths are still available with no income limit.[/quote] This is just so crazy to me. We make around 500-600k\yr and do a 25k Roth conversion each year in addition to our maxed out and employer contributed 401k. Crazy that someone who makes way less than me is cut off. [/quote] Why would they be cut off? They can do backdoor Roth, too[/quote]
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