How to Make Back Door Roth IRA Contributions

by | Oct 10, 2022 | Backdoor Roth IRA | 1 comment

How to Make Back Door Roth IRA Contributions




For you high-earners out there, let’s take a look at how to make back door Roth IRA contributions as a way to directly fund your Roth IRA every year.

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Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. Patrick enjoys yoga, mountain biking, golf, travel photography, and Clemson football.

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1 Comment

  1. jnuechte

    So the backdoor roth was going to be shut down by the build back better plan. Since that plan didn't pass in 2021 and was put on hold until 2022, does that mean someone is ok to perform a backdoor roth conversion January 1st 2022? Or should they sit tight and wait to see what happens with the BBB in case they make it retroactive back to January 1st 2022? Or possible the chances of them making it retroactive to Jan. 1st is so slim its worth the small risk to go ahead and perform the backdoor roth conversion. What's your thoughts on this?

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