In today’s episode, we’re diving into one of Tim Baker’s favorite topics (cue sarcasm and an annoyed face): backdoor Roth IRAs. You’ve probably heard the term thrown around, but what exactly is a backdoor Roth IRA, and is it something you should consider? More importantly, should you tackle it on your own or leave it to the professionals?
We break down the basics of what a backdoor Roth IRA is, who it might benefit, and the potential pitfalls to watch out for.
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