Think your Roth IRA is set up perfectly? You might want to think again. There's a good chance you're making at least one mistake without realizing it. Roth IRAs are powerful retirement tools, but they come with a bunch of IRS rules that can trip you up.

Learn the most common Roth mistakes people make — including backdoor Roth mishaps and the dreaded "pro rata" problem. We'll help you figure out if something's off with your contributions before it turns into a costly headache. If you've got a Roth or you're thinking about opening one, this episode will show you what to watch out for.

Key moments:

(06:39 ) The most flexible savings tool for retiring early

(10:27 ) Reclassifying IRA contributions and what is a backdoor Roth

(15:28 ) The common mistake high-income earners make

(19:58 ) Pro rata red flags

(29:50 ) When your Roth IRA investment isn't actually invested

There's no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth for $1, risk free!

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts