'Backdoor' Roth restrictions have been put on hold -- for now
CNN
Senator Joe Manchin's refusal to vote for the Build Back Better bill puts the future of that legislation in jeopardy. And, as a result, it also puts in jeopardy a revenue-raising provision in the bill that would restrict the ability of high-income savers to put money into Roth IRAs and Roth 401(k)s using a backdoor conversion method.
The main advantage of Roths is the ability to invest after-tax contributions that will both grow tax-free and be withdrawn tax-free. It's a good option if you expect to be in a higher tax bracket in retirement or if you want greater flexibility to decide when to tap different pots of money for different purposes in retirement or at any other point.
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