Backdoor Roth Explained
Discover the nuances of the backdoor Roth strategy, a game-changer for high-income earners, particularly in the medical field. A pivotal IRS rule change in 2010 eliminated income limits for converting traditional IRAs to Roth IRAs, making this strategy accessible. Key steps include ensuring no funds are left in certain IRA types to avoid complex pro rata calculations, allowing for a smoother transition to tax-free growth.In this clip
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028 | Order of Operations | The Buckets | The Roth IRA
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