A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions and get money into a Roth IRA account. The strategy is called a “backdoor” ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Tax day 2026 isn’t until Wednesday, April 15, but there’s still one important date left on your 2025 tax calendar: Dec. 31. Preparing your taxes can be stressful, time-consuming, and overwhelming.

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

You no longer get to choose. If you’re a higher earner, the IRS now forces all catch-up dollars into a Roth, with no more traditional pre-tax option, even if you’re in a high tax bracket now and would ...