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You are here: Home / Roth IRA / Week’s Best: Wealthy Clients Ask About Backdoor Roth IRAs

Week’s Best: Wealthy Clients Ask About Backdoor Roth IRAs

August 6, 2021 by Retirement

News about PayPal founder Peter Thiel’s $5 billion tax-free IRA has prompted some wealthy clients to ask their advisors whether they can follow in his footsteps. But using what’s known as a backdoor Roth IRA comes with important considerations, which means the strategy may not work for many clients.

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