Episode 18: Backdoor Roth IRAs – Everything You Need to Know!

Roth IRAs. You know em and love em…. And if you don’t, where have you been?? Go watch my prior episode on Roth IRAs and why they’re one of my favorite ways to take advantage of tax-free growth for retirement. They’re so good, the IRS set income limits on who can contribute to a Roth, preventing highly paid workers from benefiting. So, what’s one to do?! Enter the backdoor Roth strategy. It involves the conversion of funds in a traditional IRA into a Roth IRA, benefiting taxpayers who are ineligible to make direct contributions to a Roth. In this episode, I’ll share how the process works, and why it can be great for some investors, but not all.

Let’s get to it…