NuVista Way In Action

See how our personalized process helps our clients make smart financial decisions, minimize taxes, preserve wealth, and create meaningful legacies. Through real-world success stories, the below stories demonstrate how the NuVista Way transforms lives and empowers clients to achieve their goals with clarity and confidence.

How a Backdoor Roth Can Work for You

How a Backdoor Roth Can Work for You

Roth IRAs offer significant tax benefits, including tax-free growth and withdrawals if you’re over 59 ½ and the account is at least five years old. Contributions are made with after-tax money, and you can withdraw your contributions anytime without penalties. High earners who are phased out of direct Roth IRA contributions can use a "backdoor Roth" strategy by contributing to a traditional IRA and converting it to a Roth. However, the pro-rata rule may lead to unexpected taxes if you have pre-tax money in other IRAs.

How a Backdoor Roth Can Work for You