Backdoor Roth IRAs: Good for Wealthy Retirees?

A wooden cutout of a piggy bank displays the words backdoor Roth IRA.

The Roth IRA is that rare prize in the U.S. Tax code — a way to earn tax-free income.

Savers using Roth IRA accounts withdraw their investment gains completely tax-free in retirement. But because the government designed this generous tax break for the middle class, the Roth has strict income limits for who can use it.