The Backdoor Roth Process

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 27 July 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The backdoor Roth conversion process is pretty easy to execute, but if you've got existing IRA balances, the process can get tricky.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account?
0:03.3	Heather from the Accountant's Growth Club was?
0:05.3	Knowing what cash I have is really important.
0:08.0	And Monzo Business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
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0:16.8	If you're ready for a Monzo Business account, apply today.
0:19.9	Just search Monzo Business.
0:21.5	Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Prove for £5 a month.
0:58.2	Your Business Journey with Cole Daddy.
1:04.0	Welcome to the Jill on Money Podcast.
1:05.8	It's Tuesday, July 27th.
1:08.4	And this is the program where we try to take the mystery out of your personal financial life.
1:13.8	And actually, maybe even just your entire financial life.
1:17.0	Maybe you've got an economic question.
1:18.6	Maybe something's been bugging you.
1:20.4	Maybe you don't really understand some of the things you hear me talk about.
1:23.8	And you want us to do a deeper dive into a topic like inflation.
1:27.8	Or maybe you don't really get what a bond is or how it works.
1:32.2	Just let us know.
1:33.2	We'll anonymize you.
	...

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