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Everything You Need to Know About the Backdoor Roth IRA in 2024

Directed IRA Podcast

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Backdoor Roth IRA: Eligibility and Benefits

This chapter discusses the concept and benefits of a backdoor Roth IRA for individuals who are over the income limit for a traditional Roth IRA. It explains the four-step process involved in setting up a backdoor Roth IRA and encourages listeners to consider this strategy despite objections from financial advisors. The chapter also mentions the importance of consulting with an accountant and being cautious when dealing with big brokerages.

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