The Personal Finance Podcast The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
65. The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
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- Thank you to Fundrise for Sponsoring this Episode! Check them out a fundrise.com/personalfinance
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Today We Discuss:
- What is a backdoor Roth IRA?
- How to get money in a Roth ira if you make too much.
- How the IRS sees the backdoor Roth IRA.
- How to convert your IRA with Vanguard, Fidelity, and more!
\More Episodes You Will Love:
- The Super Retirement Account (HSA)
- How much you need to save to retire
- Why Understanding Your Savings Rate Will Change Your Life (and Allow You To Retire Early)
- The Roth IRA Millionaire
- The 401(k) Millionaire
- Pro-Rata Rule video: https://www.youtube.com/watch?v=16Wfqzmd9tU
- How to do a Back Door Roth IRA in Fidelity: https://www.youtube.com/watch?v=lNjZRPkNY5U
- How to do a Back Door Roth IRA in Vanguard: https://www.youtube.com/watch?v=dBXQNqpnmSY
Check out all the Stuff I Recommend!
- M1 Finance Open a Roth IRA
- Personal Capital Free Wealth Management + Budget App and Fee analyzer!
- CIT BANK (Best Savings Account)
Best Personal Finance Books
The Simple Path to Wealth - J L Collins
The Millionaire Next Door - Thomas Stanley
I Will Teach You To Be Rich - Ramit Sethi
Rich Dad Poor Dad - Robert Kiyosaki
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