December 2021

Congress wants to kill the ‘backdoor Roth IRA.’ Here’s what it means for you

Tax-free savings in retirement are great to have at your disposal.But provisions in the Build Back Better bill would limit some of the ways to accrue them in the future — at least for high-income savers.The provisions are included in the version of the bill that recently passed the House, and is set to go to the Senate for consideration in December.

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