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...
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.