20. Understanding Backdoor Roths and Their Role in Retirement Planning
Saving for retirement is important, but where those savings are held can also influence the taxes investors may face later in life.
In this episode of Dime After Dime, Tony Stich speaks with Aaron Simpson about backdoor Roth contributions and how they may provide another savings option for higher income earners who are unable to contribute directly to a Roth IRA. They discuss how the strategy works, why tax diversification may matter in retirement, and the potential implications of accumulating a significant portion of retirement savings in pretax accounts.
Aaron also explains the differences…
The skinny
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