Backdoor Roth IRA Rollover Strategy

Your Money Momentum

If you have the option through your employer-sponsored retirement plan to make non-deductible contributions to an IRA after you max out your 401(k) limits, you may be able to use a Backdoor Roth. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the specifics. Work with your CPA or financial advisor before you make these rollovers. We also discuss long-standing financial trends, the potential for a Eurozone downturn, and emerging markets debt.

Find it Fast: Backdoor Roth IRA Rollover

Backdoor Roth Strategy00:00—Intro 1:30—New contribution limits 2:50—After-tax backdoor rollover to Roth IRA for income-restricted investors8:15—Step rule transaction

Headlines12:50—Are long-standing financial trends like the 0% interest rates over?15:00—Is the Eurozone headed for another downturn? 17:02—Emerging markets debt issuance hits a record19:37—DeepMind using AI to reduce drug development times

Review and Outlook21:55—Review bold prediction that S&P 500 nearly hit 5,000 22:10—How the market changes during an election year27:01—Are we currently in a recession?

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer.

Listen in to the Your Money Momentum podcast published twice monthly where you listen to your favorite pods or watch our latest video session on YouTube at Your Money Momentum.

Your Money Momentum podcast is produced by: Pamela Engstrom

Music by: PWISBY "Ruff"

Find us: LinkedIn | Facebook | Instagram | X (Twitter)| YouTube