Backdoor ROTH IRA explained for beginners. This is a technique that high-income earners can use to work around the ROTH IRA income limits. The move involves one CONTRIBUTING post-taxed money to a Traditional IRA, and then later CONVERTING them into a ROTH IRA. This conversion is tax-free for the most part (see exceptions in the video). 🔴 Check out more similar videos ==================================================== 🔥 BACKDOOR ROTH IRA TurboTax Tutorial: 🔴 Journeys of the Conscious Engineer ==================================================== Personal Finance Videos: Make your own food (vegetarian): Subscribe! Thanks! 🔴 Disclaimer ==================================================== The author of this video is not a certified financial advisor or a tax expert. Please consume this video for educational purposes only and not take it as professional financial advice #backdoorRothIra #kindjujubes... ( read more )
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