Backdoor Roth IRAs – Are they right for you?
Backdoor Roth’s have become an increasingly popular topic of discussion as of late in the financial realm, mostly due to the whispers of the potential tax hikes in years to come. With as popular as these savings vehicles have become, they are still relatively unknown amongst the general public. Why is that? What exactly is a ‘backdoor Roth’? Are they legal? Who can create one?