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

To inquire our services:
https://www.independence-money.com/co...
[email protected]
(970) 818-5243

Different types of Financial Advisors. Broker VS Licensed Fiduciary Investment Advisors. How do they differ? Hey Finance Lovers, ✤✤ Welcome to “Independence Money” You’re in the CORRECT place if you’re looking for Personal finance, retirement planning, and tax planning content to brighten your day. We help protect assets and income from the theft of taxation! Our expertise on tax strategies, precious metals, asset protection, and international real estate are our favorite topics. After the past few years, the United States is now faced with a looming financial crisis as well as increasing taxes. If your money’s not independent, how independent are you? Nathan is a Certified Tax Specialist™ and Certified Estate & Trust Specialist ™ with over 20 years of industry experience. I bring you all the financial updates, Financial Planning, Retirement Planning, Cash Flow & Budgeting, Estate Planning, Tax Planning, Tax Strategies, and more… So if the Personal finance, retirement planning, and tax planning content are what you’re looking for be sure to SUBSCRIBE & join the Independence Money family. I believe you will find a lot of fantastic information and updates Owning your dream beach vacation home doesn't have to be hard! If you are interested in learning more please email us! Don't forget to like, share, comment, and subscribe!! 📣 I definitely suggest you become a member of our YouTube family by subscribing. You can suggest anything to me. If you have any ideas, please share them with us. We will definitely upload new videos as per your suggestion. 📣 Please tell us what you think of this video ??? Check out our website, Rumble, and other great resources we have: https://linktr.ee/independencemoney