A Roth IRA through the back door
By on Sep 14, 2007 in Finances
Question: Our granddaughter fully funds her 401(k). But to give her an incentive to save even more, we give her $2,000 a year to invest in a Roth IRA, provided she invests $2,000 of her own money first. She recently married, however, and now her and her spouse’s combined income build her ineligible to fund a Roth. We’d like to continue our matching-fund arrangement with a non-deductible IRA. Is that possible? - Lauri Shafer
Original post by Technology news - Business 2.0 Magazine
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