Backdoor Roth IRA Strategy
Channel: Global Wealth Advisors
Date: 2024-01-23

If you have the option through your employer-sponsored retirement plan to make non-deductible contributions to an IRA after you max out your 401(k) limits, you may be able to use a Backdoor Roth.  In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the specifics. Work with your CPA or financial advisor before you make these rollovers.  We also discuss long-standing financial trends, the potential for a Eurozone downturn, and emerging markets debt.  

Find it Fast: 
Backdoor Roth Strategy  
00:00—Intro 
1:30—New contribution limits 
2:50—After-tax backdoor rollover to Roth IRA for income-restricted investors
8:15—Step rule transaction 

Headlines
12:50—Are long-standing financial trends like the 0% interest rates over? 
15:00—Is the Eurozone headed for another downturn? 
17:02—Emerging markets debt issuance hits a record  
19:37—DeepMind using AI to reduce drug development times 
 
Review and Outlook 
21:55—Review bold prediction that S&P 500 nearly hit 5,000 
22:10—How the market changes during an election year 
27:01—Are we currently in a recession?   

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer.

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