ilmscore | Prediction Details
"The way a backdoor IRA works is you're going to take your after tax dollars just like you would for a Roth IRA, but you're going to take these after tax dollars and then you're going to dump it into a traditional IRA. Once you put it into this traditional IRA, now you're going to convert this into a Roth IRA."
By Minority Mindset | September 2, 2025 | Pending
From video
How To Pay So Little Taxes it Feels Like Cheating 00:09:06 - 00:09:19
Interpreted Prediction
A backdoor IRA involves contributing after-tax dollars to a traditional IRA and then converting it to a Roth IRA to bypass income limits.

Prediction Details

Topic
Backdoor IRA Process

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.