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Re: [TSP_Strategy] Re: Roth IRA backdoor

 

instead of using regular money for investing and you have to pay tax on gain, the money in Roth IRA would be tax free forever.  Hehe 


On Sunday, February 26, 2017 3:39 PM, "scsi_guru@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:


 
"For those who max out on TSP and want to add more to retirement, look into backdoor Roth IRA. You could basically add another $5.5K tax free per year. Google it, very easy to do."

Just looked it up. I don't have any IRA's outside of my TSP, and I don't qualify for any type of deduction since my wife and I make too much. Maybe I'm not understanding what benefit a backdoor Roth would provide me instead of just a "regular" Roth IRA??


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Posted by: <donle0230@yahoo.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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