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Working / Accumulation Phase, Assets and Investment Planning, General

Can I Make A Backdoor Roth IRA Contribution?

Updated for 12/1/2023

If your client earns too much, they are unable to make a regular contribution to a Roth IRA. But, there is a workaround called the Backdoor Roth Contribution. There are many factors and rules that must be considered, and complicated steps to take in order to properly implement this strategy, without penalty.

To help make the analysis easier, we have created the “Can I Make A Backdoor Roth IRA Contribution?” flowchart. It addresses key considerations, including:

  • Multiple retirement accounts
  • Pro-rata and aggregation rules
  • Step transaction doctrine
  • Step-by-step process for making a Backdoor Roth Contribution
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