How to Sneak Into a Roth IRA Through the ‘Back Door’

Date: Jul 11 2012

Filed under: Retirement, Investing

Back door
The Roth IRA is one of the best retirement vehicles around:

  • Once your money gets into a Roth IRA, it grows tax deferred.
  • At (or after) age 59½, as long as you first funded your Roth IRA at least five years previously, you can withdraw the money completely tax-free.
  • Unlike with many other retirement accounts, you’re never required to take a distribution from your Roth IRA, even if you live to be 120.
  • Once you do pass away, your heirs can also take the money out from…

How to Sneak Into a Roth IRA Through the ‘Back Door’ originally appeared on DailyFinance.com on 2012-07-11T12:35:00Z.

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