Using the backdoor to contribute to a Roth IRA

 ‘Backdoor’ Roth IRA contributions A ‘backdoor’ Roth is a way for  individuals to contribute to a Roth IRA, when their income is over the  Roth IRA eligibility limits[1]. High-income individuals who are covered  with an employer retirement plan, such as a 401k, are likely not  eligible to make a tax-deductible (pre-tax) contribution to a  traditional…