18 - BackDoor Roth IRA: A Strategy for High Earners to Invest in an IRA

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MUSLIM WOMEN INVEST

Dr Miral A Khalil

28 episodes

1 week ago

Retire before your parents!

The Muslim Women Invest podcast is dedicated to spreading financial literacy amongst Muslim Families. I am your host Dr Miral Azam Khalil, a physician, an investor, a picture book author and a homeschooling mother!

And you can be all of this too, by creating financial independence through investing!

Our mission is to empower Muslim women so they can steer their families into an abundant mindset. The money follows 😉

Halal vs haram, zakat, fidya, the list goes on. Islamic finance is nuanced and we are here to educate you All.

Tune in weekly for bite sized episodes with an actionable step that will take you closer to retiring as a Millionaire!

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Entrepreneurship

Business,

Investing

18 - BackDoor Roth IRA: A Strategy for High Earners to Invest in an IRA

MUSLIM WOMEN INVEST

8 minutes 55 seconds

1 year ago

18 - BackDoor Roth IRA: A Strategy for High Earners to Invest in an IRA

If you're a high earner who's been told that you aren't eligible to open a Roth IRA in the United States...I have good news for you.

IRAs, both traditional and Roth, can be frustrating to wrap your head around. But the truth is, when explained carefully, it's actually simple to understand...and simple to figure out which one is the best for you!

Today, I want to share how you can open a Roth IRA...even if you've been told you're ineligible. We're going to go over the Backdoor Roth IRA strategy: what it is, how it works, and some of the common misconceptions surrounding it.

I'm thrilled to be sharing this strategy with you today, because I feel it's incredibly valuable to those who can take advantage of it. Let's go through it together!

Don't let 2024 go by without learning how to invest. Sign up for my FREE Sunday class: https://my.demio.com/ref/RCenuu9luQi3AcXT

If you're ready to transform the trajectory of your life and the lives of your family members through investing, book a consultation with me: https://www.invest4lifemk.com/services

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