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19:51
whitecoatinvestor.com
How to Do a Backdoor Roth IRA [Step-by-Step Guide] | White Coat Investor
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process, including Form 8606, tax implications, common mistakes, and lots more.
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Check out this video to discover the 4 essential steps to creating a Backdoor Roth IRA! 🌟📈 1. Open a traditional IRA account. 2. Click on transfer → link checking accounts 3. Convert your traditional IRA to a Roth IRA. 4. Reap the benefits of tax-free growth and withdrawals in retirement! 👍 I’ll talk more about how to grow a Roth IRA to $1M at my investing livestream on Tuesday. Comment “LINK” and I’ll send you an invite! 🙂👇 Remember, every step forward in setting up your Backdoor Roth IRA
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