Backdoor Roth snag? Empty your Traditional IRA first! #shorts

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Backdoor Roth snag? Empty your Traditional IRA first! #shorts

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0 Views • Apr 25, 2024 • Click to toggle off description

Gotta make that Backdoor Roth pristine? No existing Traditional IRA funds are allowed. Empty them by rolling them into your employer's 401(k)/403(b) (if allowed) or consider a Solo 401(k) if you're self-employed.

These options help you avoid taxes!

#TaxTips #BackdoorRoth #IRA

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Uploaded At Apr 25, 2024 ^^

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RYD date created : 2024-11-23T16:15:00.0690434Z
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