In this video we’re answering the question “How do I do a late Backdoor Roth IRA conversion and a late Roth contribution?” The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted.
To get your questions answered by The White Coat Investor, visit and record your question.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you’re a high-income professional and ready to get a “fair shake” on Wall Street, The White Coat Investor channel is for you!
Subscribe Here:
Main Website:
Student Loan Advice:
Facebook:
Twitter:
Instagram:
Subreddit:
Online Courses:
Newsletter:
00:00 How do I do a late Backdoor Roth IRA conversion and a late Roth contribution?
01:23 Recharacterizing a ROTH IRA
01:43 Can’t do a late conversion
01:58 Form 8606 & look at the year your making a contribution for
02:12 What does a recharacterization do?
02:30 Further help with backdoor ROTH IRA…(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
I contributed to a Roth and then found out that I made to much money at years end. What do I do now?? so just re characterize it to a traditional roth?