Having a high level of income has it rewards, except in the case of being able to make Roth IRA contributions, where you may be either partially or entirely phased out depending on your income level. Steven A. Boorstein, PharmD, CFP® and Aiden Boorstein cover three ways for high income individuals and couples to get money into their Roth's for tax-free growth and income.
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00:00 Introduction 00:58 Backdoor Roth IRA
01:47 Empl...
Having a high level of income has it rewards, except in the case of being able to make Roth IRA contributions, where you may be either partially or entirely phased out depending on your income level. Steven A. Boorstein, PharmD, CFP® and Aiden Boorstein cover three ways for high income individuals and couples to get money into their Roth's for tax-free growth and income.
⚡️Join our podcast newsletter! https://rockcrestfinancial.com/podcast-newsletter
00:00 Introduction 00:58 Backdoor Roth IRA
01:47 Employer Sponsored Roth Options
02:12 Mega Backdoor
Roth 02:44 Conclusion
Links discussed in episode:
- https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
- https://www.irs.gov/pub/irs-drop/n-23-75.pdf -https://www.irs.gov/forms-pubs/about-form-8606
- https://mailchi.mp/rockcrestfinancial.com/prospective-client-inquiry
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⚡️ Visit us at: https://mailchi.mp/rockcrestfinancial.com/prospective-client-inquiry
The information presented in this podcast is intended for informational purposes only and does not purport to be investment advice or an offer of investment advice, an offer to buy or sell any security or a recommendation of any investment strategy or course of action. Any graphs, charts, or calculations used are for illustrative purposes only.
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