The Back Door IRA is more of a strategy rather than an actual account but these nitty gritty details can save you a major headache when you actually get to retirement. Katie lays out all the details of moving money between Traditional IRAs and Roth IRAs to save you money and a headache.
Welcome back to #RichGirlRoundup, Money with Katie’s new weekly segment answering all your burning money questions.
New episodes every Friday. Each month, Katie will put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
Listen to Money with Katie here:
Read Money with Katie:
Follow Money with Katie!
Instagram –
Twitter –
TikTok –
Subscribe to Morning Brew
Sign up for free today:
Follow The Brew!
Instagram –
Twitter –
TikTok –
#moneywithkatie #rothira #retirement #personalfinance #retirementplanning
What is A ‘Back Door IRA’ ? & How It Can Save You Money…(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
You should do a video on the roth "in-place" conversion too! I heard that one is realllllly good
great video! Ive been very interested in this. I have a company 401K. Does that count towards my existing IRA? I sometimes get confused between the terms…"Traditional IRA, 401K, etc"…