The IRA Mistake That Could Get You Taxed Twice

Описание: In this video, Eric breaks down one of the most common—and costly—retirement planning mistakes: mishandling non-deductible IRA contributions. If you’re a high-income earner using the backdoor Roth strategy or have made after-tax contributions to a traditional IRA, you could be at risk of paying taxes twice on the same dollars.

He covers:
Why the IRS won’t track your after-tax IRA basis for you
How the “pro rata rule” complicates Roth conversions
How to avoid double taxation and protect your retirement savings

Don’t let a paperwork mistake cost you thousands in retirement!
Learn how thoughtful planning gives you peace of mind, control, and confidence in your financial future. Call us at 920-672-4232 or go to https://www.meritfinancialadvisors.co...

Timestamps:
0:00 The Double Taxation Risk
1:19 Understanding Non-Deductible IRA Contributions
2:35 Backdoor Roth Strategy Explained
3:22 The Pro Rata Rule
6:14 Tracking Contributions with Form 8606
9:42 Fixing Past Mistakes

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