Are you curious?

While there are a few elements to a backdoor Roth contribution strategy, with the right counsel it can be quite simple. Review the checklist below to see if you qualify. This flowchart contains some great information if you earn too much (congrats), you may be unable to make a regular contribution to a Roth IRA. But, there is a workaround called the Backdoor Roth Contribution. There are many factors and rules that must be considered in order to properly implement this strategy, without penalty.

To help make the analysis easier, we have created the “Can I Make A Backdoor Roth IRA Contribution?” flowchart. It addresses key considerations, including:

  • Multiple retirement accounts
  • Pro-rata and aggregation rules
  • Step transaction doctrine
  • Step-by-step process for making a Backdoor Roth Contribution