Let’s talk about retirement planning! In this video, I’ll talk about an advanced technique called the Backdoor Roth IRA, and demonstrate how to do one using E*TRADE.
Facebook:
Twitter:
IG:
Website: …(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Thank you, great video!
Is there a version of this without the annoying background music?
Great Help!
My income fluctuates because of my business and I do my taxes late. Will I have an issue if I do backdoor roth and I end up making 100k in AGI?
Thank you Jimmy.
thanks , I can't find this ROTH IRA Conversion page without your vidio.
Great info, thanks for posting. By the way, I LOVED your music. I’ve listened to the video an additional 2 times just to hear the pleasant, uplifting tunes.
Thank you so much!
When I opened my traditional IRA on E*TRADE it doesn’t say wether is non deductible or whatnot. Is there way to find out? Thank you
Thank you, this was a very timely video to find. I would be very interested in seeing a video on how you complete the tax forms for the backdoor IRA, including how you handle the 0.12 cents you transferred. Best to you!
Hi, I have a question. At the end, you made $6000.12 conversion. I understand that you may pay tax for 0.12 but limit per year is $6000. Even you paid tax for $0.12, how about investment income from $0.12?
Thanks for the video, been wanting to do this, you got my thumbs up. BTW, the Etrade flow changed getting to the rollover page from when you uploaded this video. I just did a search which worked.
I opened and funded the traditional IRA, do I open a ROTH IRA at the same time as the Traditional and then just convert the cash from traditional to roth, or do I wait on opening the roth until I do the conversion. Thanks
If I make between 124000 and 139000 can I create a backdoor roth ira or do I have to contribute to a normal Roth with a reduced amount? I would rather create the backdoor to contribute the full 6000. Thanks!
why not just deposit from bank directly to roth ira? i deposited from my bank to roth ira.
The background music is distracting
Very helpful, thanks a lot, exactly what I was looking for.
At 9:42: what is recharacterization?