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1:37
YouTube
FIRE Psy Chat
Backdoor Roth IRA Conversion Explained
Want to contribute to a Roth IRA but earn too much? This video explains the "Backdoor Roth IRA" conversion, a legal strategy for high-income earners. We'll walk you through the simple, two-step process: making a non-deductible contribution to a Traditional IRA and then converting it to a Roth IRA. We'll also break down the tax implications ...
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