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Backdoor Roth IRA: What It Is, Pros & Cons, and Steps to Execute

Backdoor Roth IRA: What It Is, Pros & Cons, and Steps to Execute

Today we’re talking about the (elusive!) Backdoor Roth IRA.

Specifically, guest host Jeremy Schneider is sharing three big things:

Key Takeaways
  • What the Backdoor Roth IRA strategy is
  • Why you should (or shouldn’t) pursue it
  • How to execute a backdoor Roth IRA contribution the right way

If you’re interested in learning more about this unique strategy for getting more money into a Roth IRA, you’re going to love this episode!

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Episode Transcription

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About the Show

The Stay Wealthy Retirement Podcast will teach you how to reduce taxes, invest smarter, and make work optional in retirement.

Award-winning CERTIFIED FINANCIAL PLANNER™ Taylor Schulte tackles topics like tax planning, IRA's, 401(k)'s, retirement income strategies, insurance, pensions, investments, social security, and more!

Every episode will give you actionable tips to help you preserve your hard-earned money and "stay wealthy" in retirement.

Proud Member of the Retirement Podcast Network.

About Taylor

Taylor R. Schulte, CFP®

I worked for large wealth management firms for half of my career. They spent more time talking about how to make the firm more money than how to make clients more money. I set out to change that.