Backdoor Roth: Tax-Free Retirement for DoctorsApr 20, 2022
Backdoor Roths are useful, tax-free strategies for physicians to invest in their futures. But what exactly is a Backdoor Roth and how does it differ from a traditional IRA account? Does ‘Backdoor’ mean it’s illegal? Can everyone set up a Backdoor Roth? Tune in to learn how you can set up a Backdoor Roth IRA. If set up early, Backdoor Roth IRAs have the potential to drastically impact a physician’s tax-free savings for retirement.
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IN THIS EPISODE
- 03:11] Do physicians make too much to contribute to a traditional IRA?
- [05:40] How can physicians move money from a traditional IRA account to a Roth IRA account?
- [10:17] What are the steps necessary for an IRA account with no basis?
- [12:40] Can a stay-at-home spouse contribute directly to a Roth IRA?
- [16:14] A shocking number of physicians do not know what a Roth IRA is.
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