Jeez...people...There is none. Like I said this tactic is SPECIFICALLY for the wealthy, or more accurately high-income earners. High income earners are not allowed to contribute directly (DIRECTLY) to a Roth but THEY CAN contribute to a REGULAR IRA then convert the IRA funds to a Roth. It is called a Backdoor Roth and has 0 applicability to anyone but high 14s, 15s, or SES. From;
https://www.schwab.com/ira/roth-ira/contribution-limits#:~:text=If%20you%20file%20taxes%20as,208%2C000%20for%20the%20tax%20year
" Roth IRA contributions are made on an after-tax basis. However, keep in mind that your eligibility to contribute to a Roth IRA is based on your income level. If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the tax year 2021 to contribute to a Roth IRA, and if you're married and file jointly, your MAGI must be under $206,000 for the tax year 2020 and 208,000 for the tax year 2021. "
https://www.schwab.com/ira/roth-ira/contribution-limits#:~:text=If%20you%20file%20taxes%20as,208%2C000%20for%20the%20tax%20year
" Roth IRA contributions are made on an after-tax basis. However, keep in mind that your eligibility to contribute to a Roth IRA is based on your income level. If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $139,000 for the tax year 2020 and under $140,000 for the tax year 2021 to contribute to a Roth IRA, and if you're married and file jointly, your MAGI must be under $206,000 for the tax year 2020 and 208,000 for the tax year 2021. "
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