The Secret Roth IRA Trick (That The IRS HATES)

Master the Backdoor Roth Conversion in 3 Easy Steps! I'm Tommy Cloud, CFP® founder of Third Act Retirement Planning. Since 2000, we've helped Christians be faithful stewards of their wealth, guided by the principle that managing resources is both a blessing and a responsibility. Our Three Pillars of Wise Stewardship: Nurturing Relationships with Grace and Wisdom Seeking the Right Financial Counsel Practicing Intentional Stewardship We can only work with a select number of families. So, we've created this channel to share proven strategies and insights from our years of helping clients achieve their financial goals. Apply For A Free Retirement and Wealth Planning Session: https://forms.gle/S8v1hSRxHeGn31D56 Apply for a no cost 2nd opinion of your investments: https://forms.gle/DQx1HRryMwwpDHuc7 Learn how to bypass Roth IRA income limits using a legal backdoor Roth conversion method. In this video, we outline three simple steps: contributing to a non-deductible traditional IRA, converting it to a Roth IRA, and paying taxes on any growth. Get expert tips on executing this move quickly to minimize taxes. Also, find out how you can book a free session to discuss your portfolio. 00:00 Introduction to Backdoor Roth Conversion 00:07 Step-by-Step Guide to Backdoor Roth Conversion 00:17 Converting to a Roth IRA 00:27 Tax Implications and Timing 00:44 Final Tips and Consultation Offer Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Third Act Retirement Planning or its members cannot be held liable for any use or misuse of this content.