Backdoor Roth Ira Explained and MISTAKES to avoid The Backdoor Roth IRA can be a lucrative strategy when done correctly. Unfortunately, most of the teachings do not share the two common mistakes made. In this video, you learn how to qualify for a Backdoor Roth, what exactly is a Backdoor Roth IRA, how to do it and most importantly, what not to do.
*This video is intended solely for education and is not financial or tax advice*
Video discussing 5 year rule:
Other referenced information
Michael Kitces blog:
IRS Publication 590A:
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The IRS clarified in early 2018 that they do not require a waiting period before converting from a Traditional IRA to a Roth IRA. This eliminated any legal concerns that existed.
Is this still an issue?
yes! more people need to understand this!
I need to get video production tips from you! Great content.
Very detailed! Nicely done ✅
dude this vid looks clean! nice work
Good videos, keep it up.