As we explained in our April 2019 article, Making Sense of Your IRA Options, Roth IRAs offer a compelling tax benefit: withdrawals are tax-free in retirement. Further, Roth IRAs have no mandatory withdrawal requirement, which creates greater flexibility in managing retirement assets.

Unfortunately, if you’re a high-income earner and would like to contribute to a Roth IRA, a quick review of the IRS rules suggests you are out of luck. For single filers, modified adjusted gross income must be under $137,000 to be eligible. For married couples filing jointly, the income cutoff is $203,000. But there are ways around those income-level restrictions, as we’ll explain shortly.

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