[2024] Maximizing Backdoor Roth IRA Conversions

Описание: Watch the updated 2026 Backdoor Roth IRA Strategy video here:    • Backdoor Roth IRA: How High Earners can Ma...  

The Backdoor Roth IRA is a powerful tax strategy, especially for high earners looking to optimize their tax-advantaged retirement savings. In this video, we break down the complexities of this strategy, offering insights on how to navigate the process and maximize the potential tax benefits. Whether you're looking to boost your retirement funds or minimize your tax liability, this video will guide you through the essentials to make the most of the Backdoor Roth IRA.

If you or someone you know could benefit from this information or the other services our firm offers, we invite you to contact our team for a complimentary consultation where we will review your financial situation to determine opportunities for optimization from an employer benefits, executive compensation, investment, tax, estate, and retirement planning perspective.

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In this video, we cover:
(00:00) Intro
(00:09) Questions We'll Answer
(00:16) About Us
(00:38) What are IRAs
(01:12) Traditional IRA or Roth IRA
(02:32) Eligibility for contributions
(04:33) Other benefits of Roth IRA assets
(05:14) Example
(06:54) How Backdoor Roth IRA is reported
(07:27) Pitfall in Backdoor Roth IRA
(09:00) Closing thoughts

IMPORTANT DISCLOSURES:

Rhame & Gorrell Wealth Management, LLC (“RGWM”) is an SEC registered investment adviser with its principal place of business in the State of Texas. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that RGWM has attained a certain level of skill, training, or ability.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own CPA or tax professional before engaging in any transaction. The effectiveness of any of the strategies described will depend on your individual situation and should not be construed as personalized investment advice.

For additional information about RGWM, including fees and services, send for our Firm Disclosure Brochures as set forth on Form ADV Part 2A and Part 3 by contacting the Firm directly. You can also access our Firm Brochures at www.adviserinfo.sec.gov. Please read the disclosure brochures carefully before you invest or send money.