32. Mega Backdoor Roth IRA Strategy

by | Nov 21, 2022 | Backdoor Roth IRA

32. Mega Backdoor Roth IRA Strategy




Would you like to put $58,000 into a Roth IRA this year, then grow that money, tax-free, until you retire, and then take it out as tax-free retirement income?

In this episode, J Barry Watts introduces the mega back door Roth IRA strategy. He shares how some individuals can contribute $58,000 to their Roth IRA, despite traditional limits on contributions. Barry covers what you need to understand about Roths, including who can have a Roth and more.

Barry discusses:

– What you need to understand about Roth IRAs
– Who is eligible to have a Roth IRA
– How people can contribute $58,000 instead of $6000 to a Roth IRA
– The mechanics of the mega backdoor Roth IRA strategy
– And more

Connect With Barry Watts:

office@savingyoutaxes.com 
800-278-1755
SavingYouTaxes.com
LinkedIn: J Barry Watts
LinkedIn: SavingYouTaxes

Disclosure: The content has been made available for informational and educational purposes only, and is not intended to be a substitute for professional tax and investment advice always seek the advice of your own qualified advisor with any questions you may have regarding taxes and investing….(read more)


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