Ep.87 Secure 2.0 & Law Changes to IRA'S & 401K'S in 2023
Directed IRA Podcast
00:00
The Backdoor Roth IRA Strategy for 50 Year and Older
If you have traditional 401k dollars, don't worry about it. You can still get in 2022 contributions and 2023 contributions. And again, that's 12,500 by getting 6,000 and 6,500. Now, with these, what they call catch-up contributions for those 50 year and older, they are going to require these be Roth dollars if you are high income. The solo 401ks or your day job 401k doesn't affect the backdoor Roth IRA strategy.
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