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r/investing
Why are there income limits on a Roth IRA when they are so easily circumvented?
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User questions the logic of Roth IRA income limits given the ease of the backdoor conversion loophole.
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It seems crazy to me that there are rules limiting Roth contributions for high wage earners which can be circumvented by depositing savings into an IRA then immediately transferring to a Roth. Literally two clicks.
What some other no-brainer loop holes?
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