Backdoor Roth IRA
Gold IRA Glossary
A two-step way for higher earners to fund a Roth IRA despite income limits: contribute to a traditional IRA without deducting the contribution, then convert it to a Roth. The pro-rata rule determines how much of the conversion is taxable when you also hold pre-tax IRA money. The approach works with self-directed accounts, so a Roth Gold IRA can be funded this way.
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