A Backdoor Roth IRA is a retirement savings strategy that allows high-income earners to access the tax advantages of a Roth IRA, even if they exceed the IRS income limits for direct contributions. The process involves contributing to a Traditional IRA and then converting those funds to a Roth IRA. While the strategy can offer tax-free growth and tax-free withdrawals in retirement, it's important to understand the IRS rules, including the pro rata rule and potential tax implications. This guide explains how a Backdoor Roth IRA works and who can benefit from it.