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Greetings.
I normally contribute to Roth IRA lump sum of $5K for previous year before April 15th of this year. While filling taxes (married jointly) for 2012, I realized that my wife’s and mine combined salary is at $185K which is above the limit of $183K. Could you please advise on what options I have to invest in Roth IRA. I have been doing this diligently for last 5 years and so far my returns have been at 47%. I really don’t want to miss out on the contribution.
Thanks!
Nerd Wallet did a nice job describing the "backdoor" Roth IRA. Here's the article. Worth a read if your income is too high to contribute directly to a Roth IRA.
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