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@lady_t It’s not, it’s just low enough to contribute to a Roth

@masteroftheart Yes! Based on this and other comments I’m opening a Roth IRA asap (I’m below that income limit) and then would pursue back door IRA once I (presumably) go above that limit

@cjk123 Thank you, this was the missing piece! I was not computing what other tax benefits there would be but this makes sense

@tomline What is the advantage of the backdoor Roth though over stocks if you’re still contributing post tax?

Hi everyone, I’m reading “The Simple Path to Wealth” by JL Collins and am hung up on the idea of a traditional IRA. I am already maxing out my 401k and I make above the income limit for any deduction that would be available for a deductible IRA. What is the point then in having an IRA instead of...