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Roth IRAs can be a fantastic retirement savings vehicle for investors. While it is true that you cannot deduct contributions to your Roth IRA, you can withdraw your money tax-free down the road in retirement if the appropriate holding period and age requirements are met. If your income level is above the minimum threshold, however, direct Roth IRA contributions are not permitted; thus, the back-door Roth IRA strategy allows savers who have a high income to nevertheless make annual Roth IRA contributions.

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