The backdoor and mega-backdoor Roth IRA contribution/conversion might be extinct after 2021. As part of the Democrats’ House Ways and Means proposal, Roth IRA conversions of after-tax contributions will not be allowed starting in 2022.
I’ve been having a lot of conversations recently with clients who are worried about what will happen to their investments in the weeks leading up to the election and the months or years after the election.
The coronavirus has disrupted all of our lives for over 6 months, and the election isn't likely to be spared. Based on this, how should you invest your money?