What 99% Get WRONG About Backdoor Roth IRA (Do it RIGHT)

Everyone knows about the Backdoor Roth contribution, but most people make two major mistakes. In this video, I explain how a Backdoor Roth IRA contribution works and how to do it correctly.

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DISCLAIMER: This video is not meant to be taken a tax, legal, or investment advice. All content is for educational purposes only.

#howmuchtoretire #retirement #retirementplanning

[TheYuckyOne]

This is an outstanding frigging detailed easy to understand

[kimhayden]

😃Fantastic presentation of Backdoor Roth and Pearls to know when filling IRS taxes .

[ld]

Good discussion on this confusing topic Jacob. Very helpful. I will be sharing this with my son. Larry, Central Valley, Ca.

[jimd]

I have taxable income of 90k and deposit 7k into a Roth. Should do this back door in order to get an IRA deduction?