According to this article, Obama’s most recent budget calls for eliminating the “back door” Roth alternative for individuals whose income is too high to contribute to Roth IRA’s. In this strategy, high income investors make after-tax or “non-deductible” contributions to IRA’s only to convert them immediately afterward to a Roth IRA. This is a strategy I dig into in some depth on page 34 of my book The Power of Zero.
We’ll be discussing this topic along with other tax-free strategies in our upcoming boot camp in Milwaukee, WI on March 27th. For more information on how to register, email Kenneth@davidmcknightandco.com.
To watch a free online training series and to get a free e-book version of The Power of Zero, please visit thepowerofzeromentorprogram.com.