If you're a high earner and no longer qualified to contribute directly to a Roth IRA, the Backdoor Roth IRA is your way in. It's an IRS tax loophole that allows you to convert traditional IRA money into a Roth account. In this video, I explain what a backdoor Roth IRA is, how to set one up, and how taxes work with them, including the pro-rata rule. We also examine how much tax savings you'll receive from using a Roth account.
⭐️ Want individualized guidance with your investments? I'd love to help, view my rates and services here: [ Ссылка ]
💻 Watch my free Passive Income training: [ Ссылка ]
💻 Grab my 4 Steps to Invest, Quick Start Guide: [ Ссылка ]
💻 Catch Daily Tips Instagram: [ Ссылка ]
⭐️Watch my Investment Help playlist here: [ Ссылка ]
Watch more retirement videos: [ Ссылка ]
Share this video: [ Ссылка ]
Backdoor ROTH IRA Guide + Pro-Rata Rule Explained
Теги
roth irabackdoor roth iraroth conversionpro rata ruletax planningbackdoor rothretirement planningpersonal financebackdoor roth ira conversionroth ira index funds explainedroth ira vs traditional iraroth ira vs 401kroth ira index fundsroth ira for beginnersretirement planning 2022personal finance tips retirement planning for high earnerstax saving tips 2022tax savings 2023backdoor roth ira 2023roth conversion 2023
