All the articles against the backdoor Roth reference Peter Thiel’s Roth. That is a very, very rare situation and he purchased PayPal stock for nothing using his Roth because it was a startup. PayPal could have taken a different turn and failed.
Yes there’s a tax benefit to backdoor roth but the max contribution is $6000 a year and most people are going to get index fund rate of returns and not Peter Thiel’s home run.
And Thiel did not get around the max contribution rate.
Yes there’s a tax benefit to backdoor roth but the max contribution is $6000 a year and most people are going to get index fund rate of returns and not Peter Thiel’s home run.
And Thiel did not get around the max contribution rate.