Think your Roth IRA is set up perfectly? You might want to think again. There's a good chance you're making at least one mistake without realizing it. Roth IRAs are powerful retirement tools, but they come with a bunch of IRS rules that can trip you up.

Learn the most common Roth mistakes people make — including backdoor Roth mishaps and the dreaded “pro rata” problem. We'll help you figure out if something's off with your contributions before it turns into a costly headache. If you've got a Roth or you're thinking about opening one, this episode will show you what to watch out for.

Key moments:

(06:39) The most flexible savings tool for retiring early

(10:27) Reclassifying IRA contributions and what is a backdoor Roth

(15:28) The common mistake high-income earners make

(19:58) Pro rata red flags

(29:50) When your Roth IRA investment isn’t actually invested

 

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