In this episode, I discuss the art of the backdoor Roth IRA for high income earners. We walk through what it is, how to do it, and key mistakes to look out for.
Key Timestamps:
00:00 Introduction to the Backdoor Roth IRA
02:21 Step-by-Step Guide to Backdoor Roth IRA
04:51 Key Caveats and Pro-Rata Rule
07:26 Fixing Past Contribution Mistakes
10:06 Conclusion and Final Tips
10:47 Additional Resources and Disclaimer
More of Baskin Financial Planning:
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com