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Backdoor ROTH IRA Guide + Pro-Rata Rule Explained


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 take a look at how much tax savings you'll receive from using a Roth account. Work with me: Rith IRA calculator: My website: Say hi on Instagram: Watch more retirement videos: Share this video: ...(read more)


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