www.DRSCPA.com Dear All, This is an extract from a video that I did in 2022. This specifically explains Roth IRA and Backdoor IRA. I hope this is very helpful, especially during tax filing season. You might want to do this for your kids who have earned income, or, share this with them. The whole video is on my channel. Thank you! @DRS CPA... ( read more )
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Roth IRA and Backdoor IRA: A Comprehensive Guide by CPA Manish When it comes to retirement planning , individual retirement accounts (IRAs) are one of the most popular go-to options for Americans. Roth IRA, in particular, has been gaining popularity in recent years because of its potential tax benefits. However, the income restrictions for contributions have been a roadblock for high-earners. That’s where Backdoor IRA comes in. In this article, we’ll
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