Episode Details
Back to EpisodesThe Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
Episode 65
Published 4 years, 7 months ago
Description
65. The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
We launched a Youtube Channel! Check it out here. Master Money on YouTube.
Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. You can also ask questions on TikTok @mastermoneyco to get a response from me.
Sponsors
- Thank you to Fundrise for Sponsoring this Episode! Check them out a fundrise.com/personalfinance
- Thanks to Ladder for sponsoring this episode! Go to Ladderlife.com/pfp to learn more!
- Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping!
- Thanks to Mini Cooper for sponsoring this episdoe! Check them out at miniusa.com
Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!
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