The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)

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!
65. The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
Got questions? Ask me on Instagram Here. @dollaraftrdollar This is the fastest way 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!
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 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
** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.
Check us out on social fam!
www.thepersonalfinancepodcast.com
Learn more about your ad choices. Visit megaphone.fm/adchoices