Legal Roth IRA Loophole | Money Rehab with Nicole Lapin Video

On GMA3, I shared one of the smartest legal loopholes the wealthy use, and so can you: the Backdoor Roth IRA.

Roth IRAs are tax-free growth powerhouses. That said, if your MAGI in 2025 exceeds $150K as a single filer or $236K as married filing jointly, you can’t contribute directly.

But here’s the smart workaround:

1. Open a Traditional IRA—no income restrictions.
2. Contribute up to $7,000 (or $8,000 if you’re 50+).
3. Convert it to a Roth using IRS Form 8606.

It's completely legal and the IRS expects it. That "voice" telling you you don’t qualify? Tell it to sit down. Do your research. And make your money work harder.

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