On episode 63 of Portfolio Rescue, Ben Carlson and Duncan Hill are joined by RWM CFO, Tax Ninja, and PR all-time-leading contributor Bill Sweet, to discuss how to invest in bonds, RMD calculations, the new Roth rule, and much more! Submit your Portfolio Rescue questions to askthecompoundshow@gmail.com! ►00:00 - Intro ►02:20 - Deconstructing 30-year stock market returns. ►09:03 - How to invest in bonds. ►15:30 - RMD calculations. ►20:44 - Backdoor Roth IRA. ►25:19 - The new Roth rule. 👕 Check out The Compound shop: 🎙️ Listen to our podcasts: The Compound and Friends: Animal Spirits: Portfolio Rescue: Talk with us about your portfolio or financial plan here: Check out Ritholtz Wealth's automated investing platform, Liftoff: Instagram: Twitter: Tik Tok: Facebook: Investing involves the risk of loss. This podcast is for informational purposes only and should not be regarded as personalized investment advice or relied upon for investment decisions. Duncan Hill, Bill Sweet, and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. To learn more about the risks of investing in AcreTrader see For additional advertisement disclaimers see here “Likes” or other comments are not intended to be endorsements of Ritholtz Wealth Management, or their employees and are not compensated. All thoughts and opinions expressed herein are those of the commentators, who may or may not be clients, and are not influenced or compensated by Ritholtz Wealth Management, or any of its affiliates, in any way. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: #thecompound #personalfinance #investing...(read more)
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A Backdoor Roth IRA is an investment strategy used to circumvent the income limits associated with traditional Roth IRA contributions. This strategy allows high-income earners to take advantage of the tax benefits associated with Roth IRAs, even if their income exceeds the limits set by the Internal Revenue Service (IRS). The Backdoor Roth IRA is a great way for high-income earners to save for the future and take advantage of the tax-free growth potential of a Roth IRA. However, the strategy is not without its drawbacks. Before deciding whether or not to pursue a Backdoor Roth IRA, it is important to weigh the pros and cons and consider whether the strategy is worth the hassle. The Pros of a Backdoor Roth IRA The primary benefit of a Backdoor Roth IRA is that it allows high-income earners to take advantage of the tax benefits associated with a Roth IRA. Contributions to a Roth IRA are made with after-tax dollars, so the money grows tax-free and withdrawals in retirement are tax-free. This can be a great way to save for retirement and reduce your overall tax liability. Another benefit of a Backdoor Roth IRA is that it allows you to contribute more money than you would be able to with a traditional Roth IRA. The IRS limits the amount of money you can contribute to a Roth IRA each year based on your income. With a Backdoor Roth IRA, you can contribute more than the IRS limit, allowing you to save more for retirement. The Cons of a Backdoor Roth IRA The primary drawback of a Backdoor Roth IRA is that it can be complicated and time-consuming to set up. You will need to open a traditional IRA, make a non-deductible contribution, and then convert the money to a Roth IRA. This process requires careful planning and record-keeping, and can be difficult to manage. Another drawback of a Backdoor Roth IRA is that it can trigger an additional tax bill. When you convert your traditional IRA to a Roth IRA, the money is subject to income tax. This means that you may owe taxes on the money you convert, which can be a significant expense. Is a Backdoor Roth IRA Worth the Hassle? Ultimately, whether or not a Backdoor Roth IRA is worth the hassle depends on your individual situation. If you are a high-income earner who wants to take advantage of the tax benefits associated with a Roth IRA, then a Backdoor Roth IRA may be a good option. However, if you are not comfortable with the complexity of the strategy, then it may be best to stick with a traditional Roth IRA. https://inflationprotection.org/is-a-backdoor-roth-ira-worth-the-hassle-portfolio-rescue-63/?feed_id=73998&_unique_id=63fb7f9520698 #Inflation #Retirement #GoldIRA #Wealth #Investing #backdoorrothira #BenCarlson #billsweet #bondmarket #CFA #CFP #cpa #debt #dividendstocks #DuncanHill #economy #Finance #financialadvisor #financialliteracy #FinancialPlanning #invertedyieldcurve #investing #investing2023 #ira #personalfinance #Podcast #Portfolio #PortfolioRescue #Retirement #retirementplanning #risktolerance #RitholtzWealthManagement #ROTH #RothIRA #saveontaxes #smartmoney #stockmarket #Stocks #tbills #thecompound #treasuries #wealthmanagement #SpousalIRA #backdoorrothira #BenCarlson #billsweet #bondmarket #CFA #CFP #cpa #debt #dividendstocks #DuncanHill #economy #Finance #financialadvisor #financialliteracy #FinancialPlanning #invertedyieldcurve #investing #investing2023 #ira #personalfinance #Podcast #Portfolio #PortfolioRescue #Retirement #retirementplanning #risktolerance #RitholtzWealthManagement #ROTH #RothIRA #saveontaxes #smartmoney #stockmarket #Stocks #tbills #thecompound #treasuries #wealthmanagement
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