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Backdoor ROTH IRA explained for BEGINNERs w Animation (UPDATED)

Backdoor ROTH IRA explained for beginners. This is a technique that high-income earners can use to work around the ROTH IRA income limits. The move involves one CONTRIBUTING post-taxed money to a Traditional IRA, and then later CONVERTING them into a ROTH IRA. This conversion is tax-free for the most part (see exceptions in the video). πŸ”΄ Check out more similar videos ==================================================== πŸ”₯ BACKDOOR ROTH IRA TurboTax Tutorial: https://bit.ly/3JENBvq πŸ”΄ Journeys of the Conscious Engineer ==================================================== Personal Finance Videos: https://bit.ly/TheConsciousEngineerPe... Make your own food (vegetarian): https://bit.ly/SavingTheWorld1MealAtA... Subscribe! Thanks! https://bit.ly/KindJujubesYoutube πŸ”΄ Disclaimer ==================================================== The author of this video is not a certified financial advisor or a tax expert. Please consume this video for educational purposes only and not take it as professional financial advice #backdoorRothIra #kindjujubes

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