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 may miss out on some nice financial savings choices. That’s the place one thing known as a backdoor Roth IRA is available in. CBS News enterprise analyst Jill Schlesinger has extra.

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