What is a Roth Conversion?
The traditional Roth IRA comes with income limits that may prevent high earners from contributing directly. For instance, in 2024, single filers with adjusted gross incomes above $161,000 ($240,000 for married couples filing jointly) are ineligible for direct Roth IRA contributions. However, there exists a legal pathway, to make Roth contributions for high earners. Here’s [...]