LawyerFI Podcast: Traditional v. Roth IRAs (and the Backdoor Roth IRA Explained for High Earners) (Episode 25-006)

Are you making the most of your IRA? 💰 In this episode of the LawyerFi Podcast, Adam B. Cordover breaks down everything you need to know about Traditional IRAs, Roth IRAs, and the Backdoor Roth IRA strategy for high earners. Learn how to maximize contributions, avoid common pitfalls, and compare IRAs to 401(k) plans so you can build wealth and achieve financial independence.

Whether you’re just starting your career or approaching retirement, this episode offers practical tips to grow your money tax-efficiently and set yourself up for long-term success.

🔑 What You’ll Learn:
✅ How Traditional IRAs and Roth IRAs differ (taxes now vs. taxes later)
✅ The backdoor Roth IRA strategy for high-income earners
✅ Strategies to maximize contributions and automate savings
✅ How IRAs compare to 401(k)s and which is best for you
✅ Key rules to avoid penalties and keep your money compounding

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If you found this episode helpful, please like, comment, and subscribe—and share it with another lawyer or professional who wants to take control of their money.

More resources at www.LawyerFI.com

This episode is brought to you by Florida-based Collaborative Family Law Attorney Adam B. Cordover. Family Diplomacy: A Collaborative Law Firm, serving professionals across Florida with dignity and privacy in divorce. Learn more at www.familydiplomacy.com or call 813-443-0615.

We accept clients in every county in Florida and have offices by appointment in Tampa, St. Petersburg, and Sarasota.  Contact us to schedule a confidential virtual planning meeting.

What about you? Do you keep an emergency fund — or do you rely on credit cards, investments, or other resources? Share your thoughts in the comments!