How to Build your Roth IRA Even If You Make Too Much Money

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Roth contributions have income, working and contributions limits. If you are a high income earner you will not be able to do a regular contribution. Today we talk about how to build your roth account faster with a back door roth conversion.

Number 1: Roth Contribution Limitations
There are certain limitations to a roth contribution. This makes it hard to build the account without taking lots of risk.

Number 2: SEP IRA Contributions
The SEP account is unique because you can contribute up to $58,000 per year or 25%, whichever is the lower of the two.

Number 3: Back Door Conversion
You can fund a SEP IRA up to $58k a year (assuming you make enough) and convert it annually to a roth account.

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