The author and editors take ultimate responsibility for the content. A Roth IRA conversion is a strategy people use to change their tax-deferred retirement savings, like traditional IRA and 401(k ...

The process involves making a nondeductible traditional IRA contribution followed by a traditional-to-Roth IRA conversion. The backdoor Roth individual retirement account (IRA) strategy makes it ...

A backdoor Roth IRA is a completely legal strategy to avoid a Roth IRA's income limits. Backdoor Roth IRAs are really just a conversion, not a special type of retirement account. Opening a ...