Episode 38: The Backdoor Roth IRA Explained

There’s still time for you to do a Backdoor Roth IRA for 2022! In this episode, I discuss the IRA, or individual retirement account, in more detail. There is the Traditional IRA and the Roth IRA. The Backdoor Roth IRA is a strategy to help high income earners contribute to a Roth IRA since there are income limits for directly contributing to a Roth IRA. Many high Income earners can’t tax deduct contributions to a traditional IRA so the Backdoor Roth IRA strategy is helps be more tax efficient with investing for retirement.

https://www.irs.gov/publications/p590b#en_US_2020_publink1000230955

If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook

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You can learn more about Elisa at her website or follow her on social media.

Website: https://www.GrowYourWealthyMindset.com

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Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang 

Please subscribe and leave a review on your favorite Podcasting platform.

If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang

Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. P...