Have you ever wondered or been confused about how the Backdoor Roth IRA works?
In this sixth video of the Personal Finance Basics series, I explain all about how the Backdoor Roth IRA works, its benefits, and how to set it up.
You’ll learn about:
– what the Backdoor Roth IRA is
– the benefits of the Backdoor Roth
– the three steps to set up a Backdoor Roth
– the pro-rata rule, one gotcha to the Backdoor Roth
– an example of transitioning from the traditional IRA to the Roth IRA to the Backdoor Roth
If you want to see the blog post that inspired this video go to
If you want to see the slides for this video, go to
It’s possible for anyone to be financially independent and retire early! I hope this serves as inspiration…(read more)
LEARN MORE ABOUT: IRA Accounts
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REVEALED: Best Gold Backed IRA
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