IRA Financial’s Adam Bergman Esq. discusses the standard Roth IRA conversion and the Backdoor Roth IRA, and explains the differences between the two.
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
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The way u explained the prorata rule is extremely confusing. Maybe it’s better to draft it out in the future
Which you should do if you might be able to do both, and have to deal with the Pro-Rata rule would be helpful.
Christmas miracle! No BBB! Thank you Santa! Thank you Adam!