Backdoor Roth IRA & Common Mistakes
The backdoor Roth IRA is powerful but complicated. I explain how the backdoor Roth IRA works & how to avoid common mistakes.
#BackdoorRoth #rothira
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--- Outline
00:00 Intro
00:58 IRA Overview
02:55 Is Backdoor Roth Worth the Hassle?
05:01 The Key to the Backdoor Roth
06:15 Steps for Backdoor Roth
06:57 Common Mistake #1: Pro-Rata Rule
11:06 Common Mistake #2: Tax Filing
15:14 Summary
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Disclaimer: I am not a financial advisor. My videos are for educational purposes and are my opinions. You should seek advice from a professional advisor or perform your own research. There is no guarantee you will be successful following my opinions.