5 COMMON MISTAKES on a Backdoor Roth

by | Oct 14, 2022 | Backdoor Roth IRA | 2 comments

5 COMMON MISTAKES on a Backdoor Roth




I’ve made these mistakes with a backdoor Roth, and I didn’t realize it until it was too late. Watch this video about my experience, so you never make these mistakes and can feel confident when doing your very own backdoor Roth conversion. Set up tax free wealth for yourself and future generations before its too late.

Jump to:
0:28 Mistake 1
1:10 Mistake 2
1:54 Mistake 3
2:38 Mistake 4
3:42 Mistake 5

You can do this with either #Fidelity, #Vanguard, #Schwab, or any other brokerage of your choice. Just make sure you call their customer service line if you have any questions before you start doing your #BackdoorRoth conversion.

**Nguyening Lifestyles is not a registered financial service provider and is not liable for any decisions you make regarding investing. We are simply here to entertain and provide content for educational purposes only. Therefore, we are not liable in any capacity for any actions that may result from this video.

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Equipment used:
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🔍 Sony F/4.5-6.3 55-210mm lens:
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Music:
♫ Chill Days – Lakey Inspired
♫ Better Days – Lakey Inspired…(read more)


LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

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See also  Implementation of the Backdoor Roth IRA
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2 Comments

  1. PureSoul

    I have a business which I take contracts as 99& – high paying job. Can I open an Roth ita

  2. Eduardo Martinez

    I added 500 dollars to my Roth IRA just to start the account but I don’t qualify for a Roth due to my income, can I move the money back into my checking account and start the back door process without any penalties

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