Backdoor Roth IRA Conversion Strategy (Maximize Your Retirement Savings!)

1 year ago
53

Want to maximize you're retirement savings? Roth money is one of the most powerful tools for retirement savings, and I recommend all of my clients fund a Roth IRA for retirement as soon as possible! If you are a high-income earner and can't contribute other ways (either directly or through an employer sponsored plan), I highly recommend using the backdoor method. In this video I explain everything you need to know about the Roth IRA conversion strategy so you can get started as quickly as possible and start saving for retirement today!

Remember, financial freedom is a process, not a destination!

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Timestamps:
0:00 - What is a Roth IRA?
1:59 - Roth IRA to Traditional IRA (retirement tax comparison)
2:51 - How to build Roth money for retirement
3:35 - Backdoor Roth conversion rules & contribution limits
5:14 - How to fund a backdoor Roth IRA
7:01 - Recap: steps to fund backdoor Roth
8:00 - How often should you be making a Roth conversion?

#rothira #retirement #rot#financialfreedom

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