Don’t Make These 2 Backdoor Roth IRA Mistakes

Thinking about making a backdoor Roth IRA contribution this year? These two mistakes can cost you thousands in taxes.

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Timestamps
0:00 - Don’t make these backdoor Roth mistakes
1:11 - IRA aggregation rule
4:22 - Step transaction rule
6:16 - One more mistake to avoid

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-- About Patrick King CFP® --
Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. Patrick enjoys yoga, mountain biking, golf, travel photography, and Clemson football.

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