Can I Create a Roth IRA if I’m Over the Income Limit?
Erick Arndt2024-12-26T16:52:05-08:00Yes, you might be able to create a Roth individual retirement account (IRA) if you’re over the income limit. This strategy involves converting a traditional IRA to a Roth IRA. The idea, often referred to as a “backdoor Roth conversion,” is sometimes used by individuals whose incomes exceed the current limits for direct Roth IRA [...]