backdoor Roth -- is it still valid?

Apr 16, 2015 1 Replies

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anoop 11 years ago

I came across this article:

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which says that the backdoor Roth loophole may be closed by new legislation. What's the best way to track this issue?

Also, would it be better to wait on contributing to a non-deductible IRA? Until the backdoor Roth, I wasn't bothering contributing to a non-deductible IRA because I felt it would increase the complexity of data that I would need to track for decades.

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Alan 11 years ago

Yes, the "backdoor" Roth is still available. Eliminating it is part of the President's budget that addresses closing loopholes. Closing loopholes is another way of saying "here's some income to pay for the additional spending".

One way to stay abreast of any tax legislation is KPMG's legislation updates published in their TaxNewsFlash.

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