This video covers how to do a backdoor Roth IRA on M1 finance and E*Trade as well as covers how to avoid the Pro-rata rule and fill out form 8606.
Please comment with any questions or ideas for future videos below.
Email me at: SimpleFinanceChannel@gmail.com
My taxable pie:
My Roth IRA pie:
I will never message you regarding cryptocurrency or financial advisors, if you get a message claiming to be me regarding anything like this, it is a scam and not me. I am not a financial advisor and this is not personalized financial advice and is for entertainment and educational purposes only….(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
Does this work if your income changed part way through the tax year and you’ve already put some into your Roth IRA? Ex. Making under income limit and put $3000 into Roth, 3 months later within the same tax year you make over the limit – so now you have to back door the other $3000?
This was great