The College Investor on MSN

How to do a backdoor Roth IRA (and pitfalls to avoid)

A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions and get money into a Roth IRA account. The strategy is called a “backdoor” ...
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Have an IRA? Your Retirement Savings Could Suffer If You Forget This Vital Tax Form

If you have an individual retirement account, you need to get acquainted with IRS Form 8606 before filing your tax return this year. Failing to file a Form 8606 could result in a $50 penalty unless ...