pro-rata rule

This time Amy helps us understand Roth IRAs and executing a backdoor Roth. She explains how they work, who the strategy is for, and the steps needed to properly execute a backdoor Roth IRA. More importantly she discusses the need for Form 8606 filing, and some of the pitfalls someone may find themselves in when implementing this strategy. 

For more information contact Amy Walls and her staff at 503-610-6510 or click here Thimbleberry Financial.

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for.  In this episode I break down 15 of the worst IRA mistakes I've seen as a CPA.  Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize your retirement investing.

Other Videos Mentioned:
- Traditional vs. Roth IRAs: https://youtu.be/kUiY-QnrSu8
-  How to Open Up a Backdoor Roth IRA With Vanguard: https://youtu.be/oSfHF-WUb6k
- The Allec Family Vlog: https://youtube.com/TheAllecFamily

Programs (Use Coupon Code YOUTUBE for 50% Off!):
🎓 Prosper: https://www.loganeducation.com/prosper

Free Downloads:
💸 75 Ways to Save an Extra $100 This Month: https://www.loganeducation.com/75-way...
🤑 15 Referral Programs That Make Me Over $20,000 a Month: https://www.loganeducation.com/15-ref...