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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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)