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Backdoor Roth IRAs are a great retirement planning option for high earners. Many people with high incomes are unable to contribute directly to Roth IRAs due to the income limits that the IRS imposes. However, people who have incomes that are above the limits can use a backdoor Roth conversion to make contributions to Roth IRAs.

There are many different ways to make a backdoor Roth conversion. In this video, I explain everything you need to know about backdoor Roth IRAs and backdoor Roth conversions. So, if you have been thinking about diversifying your retirement planning strategy, or if you simply want to understand what backdoor Roth IRAs are and how they work, this is the perfect video for you.

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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