Backdoor Roth IRA Pro Rata Rule Explained

Backdoor Roth IRA Pro Rata Rule Explained

The Pro Rata Rule is required when you convert a traditional retirement plan, whole or in part, to a Roth IRA and the traditional IRA has both aftertax and pretax money. The premise of the pro rata rule is to prevent higher-income earners from taking advantage of the backdoor Roth conversion without incurring additional taxes.…

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Can you do a Roth conversion with stocks?

The Roth conversion can be done in a few different ways.  The Roth IRA conversion I’m talking about here is moving stocks, bonds, ETFs, or mutual funds from the traditional IRA to the Roth IRA. While you can move property such as stocks from the traditional IRA to the Roth IRA there are a few…

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The Roth IRA Explained in 60 seconds

Roth IRA Explained in 60 seconds

The Roth IRA is an after-tax retirement planning account that grows tax-deferred and comes out tax-free in retirement. The youtube video quickly shows the income and contribution limits for the Roth IRA and a quick example of a Roth IRA contribution phaseout. The Roth IRA explained in 60 seconds the Roth IRA for 2021 is…

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