How High-Income Earners Can Still Contribute to a Roth IRA

Suppose your income is too high to qualify for a regular Roth IRA contribution. In that case, the Backdoor Roth strategy provides a legal workaround that enables you to fund a Roth account by first contributing to a Traditional IRA and then converting it. This guide walks you through exactly how to execute a Backdoor Roth, when it makes sense, and how to avoid the common pitfalls that can trigger unexpected taxes.