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Big Changes Could Be Coming to Your Roth IRA. What to Know.

The federal spending bill now awaiting a House vote would slam the door on Roth IRAs for well-off Americans and stop so-called “back-door” conversions of traditional retirement accounts into Roths. Spurred by reports of billionaires with giant tax-sheltered IRAs, the proposed changes are a move to return the Roth IRA to its middle-class origins.

If signed into law, the new rules would bar IRA contributions by individuals whose retirement accounts exceed $10 million and whose annual income exceeds $400,000. Balances above $20…

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