The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)

65. The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)

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Today We Discuss: 

1. What is a backdoor Roth IRA?
2. How to get money in a Roth ira if you make too much. 
3. How the IRS sees the backdoor Roth IRA. 
4. How to convert your IRA with Vanguard, Fidelity, and more! 

\More Episodes You Will Love: 

• The Super Retirement Account (HSA)
• How much you need to save to retire 
• Why Understanding Your Savings Rate Will Change Your Life (and Allow You To Retire Early)
• The Roth IRA Millionaire 
• The 401(k) Millionaire 

• Pro-Rata Rule video: https://www.youtube.com/watch?v=16Wfqzmd9tU
• How to do a Back Door Roth IRA in Fidelity: https://www.youtube.com/watch?v=lNjZRPkNY5U
• How to do a Back Door Roth IRA in Vanguard: https://www.youtube.com/watch?v=dBXQNqpnmSY

Check out all the Stuff I Recommend! 

• M1 Finance Open a Roth IRA
• Personal Capital Free Wealth Management + Budget App and Fee analyzer! 
• CIT BANK (Best Savings Account)

Best Personal Finance Books 

The Simple Path to Wealth - J L Collins 

The Millionaire Next Door - Thomas Stanley

I Will Teach You To Be Rich - Ramit Sethi 

Rich Dad Poor Dad - Robert Kiyosaki

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