NEWS

YOUR OWN “BILLION $” BACKDOOR ROTH IRA STRATEGY



A news report that PayPal founder Peter Thiel had turned an ordinary Roth IRA into a $5 billion tax-free windfall was greeted first by “How can that happen?” and then by “How can I do that?!” While it’s unlikely that financial advisors can help their clients’ IRAs grow to be worth billions, there is a little-known strategy that can put a Roth IRA’s accumulation potential on steroids. That strategy is called the “Backdoor Roth IRA.”

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