BACKDOOR ROTH IRA // Do you make too much to qualify for Roth contributions? You can still get the awesome tax savings via a BACKDOOR Roth IRA! Watch this video for a step-by-step tutorial on how to do a backdoor Roth IRA (on Fidelity), for background info on why the backdoor Roth IRA is legal, and some common pitfalls to look out for so you don’t accidentally trigger a huge tax bill! Backdoor Roth IRA explained, using Fidelity as my example. It involves doing a Fidelity Roth conversion but keeping in mind certain important steps.
***FREE DOWNLOAD! ROTH IRA INVESTING STARTER KIT
The Ultimate Guide to Becoming a Tax-Free Millionaire
IRS FORM 8606 TUTORIAL:
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***BOOKS I RECOMMEND***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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