A Clever Approach for Pharmacists and Physicians with High Income: Mastering the Backdoor Roth IRA Technique
In this short, we're going to discuss how most healthcare professionals, including pharmacists and physicians, may not be able to contribute to a traditional IRA or a Roth IRA due to their high income. If you make over $144,000 as an individual or $214,000 if you're filing jointly, you won't be able to contribute directly to a Roth IRA. However, there's a legal loophole called a backdoor Roth IRA that allows you to contribute to a traditional IRA and then convert it into a Roth contribution. To learn more about this easy financial maneuver stick around to the end to get access to the entire discussion with Financial Expert Tim Ulbrich on The Physician Pharmacist Podcast! #Shorts, #medicalschool, #pharmacyschool, #pharmacist _________________________________________________________________________ Join today's discussion with Dr. Tim Ulbrich, as we talk about the finances of pharmacy and medicine! Did you know that the #1 barrier for going to medical schoo