Today on Your Money, Your Wealth, whether you call it the barn door, the garage door, the Roth two-step,

you asked for more about the tax-saving backdoor Roth IRA conversion strategy, and Big Al and,

reluctantly, Joe, are here to serve. For now at least, they'll discuss whether you should wait

until retirement to do a backdoor Roth conversion, the pro rattle rule, self-employed

Magi, that's modified adjusted gross income versus AGI, and how capital gains work with

conversions.

Then for a change of pace, the fellows will cap off this episode with how to strategize

for if and when the estate planning step-up-in-basis tax laws change.

Whether a high- high yield savings account

is a good option for investing $25,000 in cash and listener comments. I'm producer Andy Last,

and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Alclopine CPA.

If you want to join the party, this is what you got to do. You got to go to your

moneywalth.com. Click on Ask Joe and Elle on the air. You can write a little email or you can

actually ask a question like this gentleman did. Love the show. Joe and Al, thanks very much.

Calling about Roth Rollover or backdoor Roth conversions. My wife and I are 58 planning to work another five to 10 years. We're in one of the

higher income brackets right now, 24 percent, and we expect our income to stay high $250,000 a year. But 89 to 90% of our retirement

assets are in a traditional IRA. That's about $850,000. The question is, is there any opportunity

for us to do a backdoor Roth IRA now or should we wait until we retire in five to 10 years

when our income tax bracket will be much lower? And what could we expect as far as longevity

of that Roth and the benefits of waiting until that retirement income is much lower? Thank you

for taking the question.

Keep up the great work.

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