What is a backdoor Roth IRA and the way does it assist excessive earners save for retirement?

Saving for retirement is a giant concern for a lot of Americans, even those that are thought-about high-earners. But typically, in case your revenue is taken into account too excessive, you would possibly miss out on some nice financial savings choices. That’s the place one thing referred to as a backdoor Roth IRA is available in. CBS News enterprise analyst Jill Schlesinger has extra.

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