Tag: retirement
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Roth IRA for Beginners: A Guide to Your Future
A Roth IRA is a retirement savings account that offers unique benefits compared to traditional IRAs. If you’re new to investing or just starting to think about your future, here’s what you need to know about Roth IRAs. What is a Roth IRA? A Roth IRA is a type of individual retirement account (IRA) that…
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How to Do a Backdoor Roth IRA
A backdoor Roth IRA allows people with high income to fund a Roth IRA despite the IRS income limits. This backdoor method involves the conversion of a traditional IRA to a Roth IRA. The basic steps require you to first contribute your money into a traditional IRA, and then convert those contributed funds into a…