Does anyone have any primers on a Backdoor Roth? I save a significant amount of money every year (finance) but curious what the advantages of this are, and if I should use it

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It’s not that it’s an advantage, it’s just if you’re above the income limit you should do it for your IRA. Otherwise you have to contribute to a traditional IRA but can’t deduct contributions, meaning only growth in the account is tax free. You would pay taxes both upfront and upon withdrawal

Backdoor Roth IRA is tax free on contribution and gain, which is much better than the traditional IRA.

Look into Mega Backdoor Roth if your employer offers after/tax contributions converted to Roth

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