Financial Advisor Insights

5 Reasons You Shouldn't Make Non-Deductible IRA Contributions

Should you consider making after-tax contributions to an IRA? Anyone with an income can make non-deductible contributions to an IRA up to the annual limits. While these after-tax, non-Roth savings will receive tax-deferred investment growth, the strategy may not be all it's cracked up to be. Unless investors are able to maintain immaculate records (typically over multiple decades) they could wind up paying taxes twice.

Learn more about the pros and cons of different types of investment accounts: Brokerage vs. IRA vs. Roth IRA

Infographic: 5 Reasons You Shouldn't Make Non-Deductible Contributions to an IRA

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