The Daily Wrap: 07.16.18

Winning at Life with Gregory Ricks · Jul 17, 2018 · 45m

01:41 - The IRS formally approves of the backdoor Roth IRA. You can contribute to a Roth IRA directly up to a certain income level, but you can still contribute to non-deductable IRA and convert it to a Roth IRA. The rules were even confirmed in the Tax Cut and Jobs Act of 2017, and it's a great way for high income earners to diversify their tax liability in retirement.

06:46 - Today is Amazon Prime Day, but there doesn't seem to be as much fanfare as last year. The Amazon psuedo-holiday is being crowded with an avalanche of other retailers announcing their super-special deals for the day…