Hellow guys, Welcome to my website, and you are watching How to Do a Backdoor Roth IRA Contribution. and this vIdeo is uploaded by James Conole, CFP® at 2021-09-04T12:00:10-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How to Do a Backdoor Roth IRA Contribution |
| Video Uploader | Video From James Conole, CFP® |
| Upload Date | This Video Uploaded At 04-09-2021 19:00:10 |
| Video Discription | Roth IRAs are one of the best tools for creating tax-free wealth. You don't have to worry what future tax brackets will be because as money grows in Roth IRAs you know that it will never be taxed again. Unfortunately, once your income exceeds certain thresholds you are no longer able to contribute to Roth IRAs. You have to invest in other accounts where you either pay taxes on your growth or taxes on your future withdrawals. But there is a way around this. If you do it correctly, you may still be able to get money into a Roth IRA via a backdoor Roth IRA contribution. Check out these tips to help you determine if contributing to a Roth IRA via a backdoor Roth IRA contribution is best for your financial strategy. Timestamps: 00:00 - Intro 00:32 - Roth IRA Benefits 1:00 - Roth IRA Eligibility 2:16 - How A Backdoor Roth Conversion Works 4:09 - What is a Non-Deductible IRA Contribution? 4:52 - Backdoor Roth IRA example 5:59- Taxable v. Tax-Free Conversions 8:22 - How To Get Funds Into Your Roth IRA 8:50 - 3 Important Considerations 11:14 - What Forms Do I Need To File? 12:03 - Like and Subscribe 12:29 - Our Services SUBSCRIBE HERE: https://www.youtube.com/channel/UCBNdQfS-fzODmYb8Hkr4egA?sub_confirmation=1 _ _ For more resources and content, check us out below! Website // https://rootfinancialpartners.com/ Podcast // http://readyforretirement.co/ Instagram // https://www.instagram.com/rootfinancialpartners/ Facebook // https://www.facebook.com/rootfinancialpartners/ LinkedIn // https://www.linkedin.com/company/18347030 Other videos we think you'll like: Why I Started Root Financial Partners // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG How Would You Feel If You Knew You Could Retire Today? // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG What Makes Our Approach Different? // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG |
| Category | Education |
| Tags | investing | retirement planning | tax planning | financial planning | retirement | personalfinance | taxes | dividend investing | financial planning at 50 | how do I retire? | long-term investing | financial planning at 60 | roth conversions | roth ira | IRA | individual retirement account | benefits of investing | pros and cons of investing | donor advised fund | financial education |
