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