ELI5 Backdoor Roth IRA

ELI5 Backdoor Roth IRA Can someone explain to me if I should be doing a Backdoor Roth IRA each year and how I would go about doing that? I am 43 and have a 401K at work (I contribute close to the max each year and get full company match with a current 110K balance), an IRA at Fidelity (250K balance which was funded from the 401K balances of previous jobs), a taxable i...

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