Backdoor Roth IRA (Avoid These 5 Mistakes)

In this video Nathan, a Certified Tax Specialist (TM), explains what a backdoor Roth IRA is as well as the 5 mistakes to avoid when it comes to a Roth IRA.

Link to article:
https://www.morningstar.com/personal-finance/backdoor-roth-ira-avoid-these-5-mistakes

02:20 Backdoor Roth IRA
02:43 Mistake 1: not paying attention to the Pro Rata Rule
03:47 Mistake 2: Not taking advantage of the escape hatch
04:46 Mistake 3: Watch out for Grand Slams
05:25 Mistake 4: Not converting regularly and tracking it
06:15 Mistake 5: Holding off because of legislative risk

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