backdoor ROTH for Beginners in 2022
Kevin Lum, CFP®August 05, 202200:11:01

backdoor ROTH for Beginners in 2022

If you want to make a ROTH contribution, but your income is over the limit -- you'll want to watch this video, because I'll give you a step by step process for making ROTH contributions -- no matter your income. It's an easy process, but you want to make sure you get it just right or it could cost you a fortune in taxes.

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Disclaimer: This video is not investment or financial advice.

00:00 Introduction
00:41 What is a Roth IRA?
02:11 What is a backdoor ROTH?
03:40 Step 1
04:16 Step 2
04:39 Step 3
06:11 Pro-Rata Rule
10:00 Conclusion
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