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The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
The Backdoor Roth IRA Conversion
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The Backdoor Roth IRA Conversion

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You don't earn too much to contribute to a Roth IRA. This might be news to you, so let Mullooly Asset Management explain how you can contribute to a backdoor Roth IRA. The backdoor Roth conversion has …

You don't earn too much to contribute to a Roth IRA. This might be news to you, so let Mullooly Asset Management explain how you can contribute to a backdoor Roth IRA. The backdoor Roth conversion has been used by plenty of higher income individuals before.

Published in: Economy & Finance, Business
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  • 1. Mullooly Asset Management PodcastMay 29, 2013Mullooly Asset Management 2013
  • 2. Roth IRA Conversion“I make too much money to contribute to a Roth IRA”No longer trueMullooly Asset Management 2013
  • 3. Traditional IRA Roth IRACan be used to contribute toRoth IRA’s if you make morethan Income ContributionLevelsSingle FilersUp to $110,000 (to qualify for a fullcontribution)$110,00-$125,00 (to be eligible forpartial contribution)Joint FilersUp to $173,000 (to qualify for a fullcontribution)$173,000–$183,000 (to be eligible fora partial contribution)Mullooly Asset Management 2013
  • 4. Traditional IRA’sMany stopped contributing to themMullooly Asset Management 2013
  • 5. Creation of Roth IRA’sTaxpayer Relief Act of 1997Senator William Roth of DelawareMullooly Asset Management 2013
  • 6. What’s the Difference?Roth ContributionRoth ConversionMullooly Asset Management 2013
  • 7. Back Door Roth ConversionContribute to a Traditional IRAElect to immediately do a Roth ConversionTaxes on difference between: value of Traditional IRAbalance and amount convertedDo it again next yearMullooly Asset Management 2013
  • 8. The Pro-Rata RuleWhat is it?Why is it important?Mullooly Asset Management 2013
  • 9. None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any ofthe securities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy orsell any investment.Mullooly Asset Management 2013
  • 10. Mullooly Asset Management, LLCsupport (at) mullooly (dot) net732-223-9000www.mullooly.netMullooly Asset Management 2013

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