What Is a Mega Backdoor Roth IRA and Why It's Such A Great Option

<p>In today's episode <a href= "https://www.kathmere.com/team/nicholas-olesen-cfp" target= "_self">Nicholas Olesen, CFP®, CPWA®</a> shares one of the best tools for retirement savings, the Mega Backdoor IRA. The team at Kathmere has found this to be a unique and not well known way to save into a Roth IRA even if you are over the income limit.  In this episode he covers:</p> <ul> <li>How the Mega Backdoor Roth IRA contribution works</li> <li>The biggest mistakes people make when trying to do it</li> <li>How the prorata rule can void the benefit of a traditional Roth IRA conversion</li> <li>Flowchart we have used to help navigate the complexities of the Mega Backdoor Roth IRA contribution and also Roth IRA conversions</li> </ul> <p>Please send us feedback and any topic or questions you would like us to cover.  <a title="A Wealth of Advice" href= "mailto:nolesen@kathmere.com" target="_blank" rel="noopener">Email us at: nolesen@kathmere.com</a></p> <p>Transcript and other information can be found at: <a href= "http://www.kathmere.com">www.kathmere.com</a></p> <p> </p>