Eric Coons: What is a “backdoor” Roth IRA and who benfits from having one?
By Eric Coons Roth IRAs arrived as a retirement savings option in 1998 to great critical acclaim. Financial professionals lauded the tax-deferred growth and tax-free earnings withdrawals of Roths. Another popular feature of these accounts was that they were not subject to required minimum distributions (RMDs.) Initially, Roths weren't that widely available. There were [...]