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We break down how high earners can legally fund a Roth IRA using the backdoor method, why it matters for business owners with variable income, and where people go wrong. We share the exact steps, the pro rata trap, and the one IRS form you must not miss.

• difference between Roth and traditional IRA and why Roth can be better for many
• who needs a backdoor Roth due to income thresholds and phaseouts
• step-by-step process to contribute and convert quickly
• role of advisors and importance of coordinating with a CPA
• risks of direct Roth contributions when over the limit
• business owner income swings and AGI versus take-home pay
• the pro rata rule if you hold pre-tax IRA balances
• filing Form 8606 to track non-deductible basis and conversions
• the value of proactive planning before year-end

We created a monthly accounting program where you hop on a one-hour call with us every month to tackle bookkeeping, tax planning, business decisions, basically anything you need… or just email us at [email protected]

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