What Is a Back Door Roth Conversion?

The build back better bill, which was passed by the house last month and is now in the hands of joe mansion, would actually basically say you could no lon er do a back door wroth. You wouldn't be able to convert after tax contributions from a non deductable i ra into a wroth, it would just be over. This is one of the reasons why we encourage people wo have a wroth option at work to maybe use it,. cause they could maybe benefit from a wroth but make too much money to do it as a contributory.