Congress wants to kill the 'backdoor Roth IRA.' Here's what it means for you
CNN
Tax-free savings in retirement are great to have at your disposal.
But provisions in the Build Back Better bill would limit some of the ways to accrue them in the future -- at least for high-income savers. The provisions are included in the version of the bill that recently passed the House, and is set to go to the Senate for consideration in December.
No more 'backdoor' conversions to Roth IRAs
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