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32. Mega Backdoor Roth IRA Strategy


Would you like to put $58,000 into a Roth IRA this year, then grow that money, tax-free, until you retire, and then take it out as tax-free retirement income? In this episode, J Barry Watts introduces the mega back door Roth IRA strategy. He shares how some individuals can contribute $58,000 to their Roth IRA, despite traditional limits on contributions. Barry covers what you need to understand about Roths, including who can have a Roth and more. Barry discusses: - What you need to understand about Roth IRAs - Who is eligible to have a Roth IRA - How people can contribute $58,000 instead of $6000 to a Roth IRA - The mechanics of the mega backdoor Roth IRA strategy - And more Connect With Barry Watts: office@savingyoutaxes.com  800-278-1755 SavingYouTaxes.com LinkedIn: J Barry Watts LinkedIn: SavingYouTaxes Disclosure: The content has been made available for informational and educational purposes only, and is not intended to be a substitute for professional tax and investment advice always seek the advice of your own qualified advisor with any questions you may have regarding taxes and investing....(read more)


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