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| Name | Backdoor Roth at Vanguard: Step-by-step walkthrough with Form 8606 |
| Video Uploader | Video From Will Peterson |
| Upload Date | This Video Uploaded At 12-01-2019 19:44:47 |
| Video Discription | The video takes you step-by-step through the details of making a backdoor Roth IRA contribution using Vanguard. Follow me as I make every click, and explain what I am doing! A backdoor Roth IRA is when you contribute non-deductible contributions to a traditional IRA, then convert it to a Roth IRA. This allows you to effectively bypass the income limit which would otherwise restrict you from making an annual IRA contribution. 07:08 Special Bonus at the end of the video: I explain how you will fill out tax form 8606 to reflect your backdoor roth contribution, which consists of a non-deductible traditional IRA contribution, plus a conversion from traditional to Roth. I also have another video explaining the difference between the Backdoor Roth strategy, and another strategy called the mega backdoor Roth: https://youtu.be/D0UCqkrmclE Want to know how to do a backdoor Roth IRA contribution for LAST YEAR? Check it out: https://youtu.be/MhVXZBzzPW8 |
| Category | Education |
| Tags | Backdoor Roth | contribution | Vanguard | How to | walkthrough | tutorial | step by step | how to do a backdoor roth | Form 8606 | Roth IRA | Backdoor Roth IRA Contribution | income limit | conversion | Roth Conversion | back door | Mad Fientist | Mr Money Mustache | early retirement | FIRE | financial independence |
