AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Irs Does Not Allow You to Contribute to a Traditional Ira
The ires does not, over a certain income threshold, let you contribute to a rothiret they say. But what they do allow you to do is contribute money to a traditional ira, but you don't get any tax benefits. The i r s will let you contribute money to one thing and then roll it to the other, but not contribute directly to the other. That's nog take it up with the i r s. If you google back door roth i ra, you can learn how he can set that upd and i'll just copy out that.