If you're saving for retirement, you've probably heard of a Roth IRA, a popular tax-advantaged account. But did you know there are ways for even high-income earners, who are typically excluded, to contribute significant amounts?
The Roth IRA is trending because high-income earners are using strategies to bypass income limits and contribute large sums.
Recent discussions, especially around the 'Backdoor Roth IRA' and 'Mega Backdoor Roth IRA,' highlight how wealthy individuals are maximizing these accounts, drawing attention to their tax benefits and perceived 'loopholes'.