The Backdoor Roth IRA is a gimmick, right? Shouldn’t it be repealed?
It’s more complicated than that. Here’s my take and reform proposal.
For more information on Canadian Tax Free Savings Accounts, please see this article.
This video, the show notes, and any comments are for educational purposes only. They do not constitute tax, legal, financial, and/or investment advice for any person. Consult with your own advisors regarding your own matters….(read more)
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agree on every point. I would also advocate for larger 401K employee limits but I understand that increasing the deductible limit would have a current tax revenue impact that would have to be offset or paid for somewhere else theoretically.
401(k) > IRA because of the powerful corporations behind it. Stinks!
Excellent video, I like all of those points!!