Backdoor ROTH IRA Guide + Pro-Rata Rule Explained

by | Dec 24, 2022 | Rollover IRA | 1 comment

Backdoor ROTH IRA Guide + Pro-Rata Rule Explained




If you’re a high earner and no longer qualified to contribute directly to a Roth IRA, the Backdoor Roth IRA is your way in. It’s an IRS tax loophole that allows you to convert traditional IRA money into a Roth account. In this video, I explain what a backdoor Roth IRA is, how to set one up, and how taxes work with them including the pro-rata rule. We also take a look at how much tax savings you’ll receive from using a Roth account.

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1 Comment

  1. Carlos Gomez

    Big time education here!

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