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Reading: Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.
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The Wall Street Publication > Blog > Markets > Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.
Markets

Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.

Editorial Board Published September 24, 2021
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Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.
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Many Americans are using a previously little-known tax method to boost their savings. Now, the government is trying to stop it.

The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts. On Sept. 15, the House Ways and Means Committee approved legislation from House Democrats that would prohibit use of the mega-backdoor Roth conversion starting Jan. 1, 2022.

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