#BackDoorRoth #RothIRA #moneyandmortgages

Adam Coleman and Joe Dewar dive into the concept and procedures for backdoor Roth contributions. Joe, a Certified Financial Planner and CPA with Mezzasalma Advisors in New Jersey, outlines the eligibility requirements for backdoor Roth strategies, the possible tax implications, as well as alternative strategies. The discussion also includes guidance on how to properly navigate various tax forms and considerations, including the pro rata rule.

For more information on Joe: https://mezzcpa.com/

00:00 Introduction and Guest Presentation

00:24 Understanding Backdoor Roth Contributions

00:34 Exploring the Role of a Financial Planner

01:55 Deep Dive into Backdoor Roth Contributions

03:10 Eligibility and Considerations for Backdoor Roth

09:35 Income Restrictions and Traditional IRA vs Roth IRA

18:12 Understanding the Pro Rata Rule

23:19 Steps to Take for a Backdoor Roth Contribution

32:47 Alternative Strategies to Backdoor Roth

36:09 Conclusion and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.