Tips for Roth IRA Rollovers and Backdoor Accounts

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 24 August 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The door to a Roth IRA gets slammed in your face if you make too much money. Well, sometimes, when you can't get in the front door, the backdoor is wide open!

Transcript

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0:00.0	A money girl listener named Nuno says,
0:08.2	I follow your podcast, but with so many episodes,
0:11.5	it's getting hard to find specific topics.
0:14.0	I was wondering if you've ever
0:15.9	addressed how a backdoor Roth IRA works,
0:19.9	and the consequences of rolling over a 401k into a Roth IRA.
0:24.8	If not, I was wondering if you could cover
0:27.2	those topics on a future podcast.
0:29.8	Thank you, Nuno.
0:30.8	I have podcasted about those crucial topics before,
0:34.3	but I would love to review them today.
0:37.2	So if you're like Nuno,
0:38.4	and you want to learn more about IRA rollovers,
0:41.3	and what a backdoor Roth is, stay with me.
0:45.7	I'll make them easy to understand,
0:47.4	even if you don't have a Roth IRA,
0:49.9	or maybe you earn too much to qualify for one.
0:53.2	Hey, friends, I'm Laura Adams,
0:55.3	and I'm so glad you're with me
0:57.1	and you've downloaded the show.
0:58.7	If you're new here, I'm an award-winning
1:00.5	personal finance author,
	...

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