{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Teaching Tax Flow: The Podcast","title":"Ep. 185 | The Magic of Backdoor Roth IRAs","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/6a2c4c62\"></iframe>","width":"100%","height":180,"duration":1055,"description":"Welcome to episode 185 of the Teaching Tax Flow podcast, where hosts John Tripolsky and Chris Picciurro jump into the complexities of backdoor Roth IRA conversions. This episode is designed to guide high-income taxpayers, especially those familiar with Teaching Tax Flow's \"red diagnosis\" category, towards effectively contributing to tax-free vehicles like Roth IRAs despite income limitations. Through this focused session, listeners will explore the strategic advantages of implementing these contributions and be advised on common pitfalls to avoid.In the discussion, Chris provides an in-depth overview of the backdoor Roth IRA conversion process. He clarifies how higher-income individuals can still leverage Roth IRAs for tax-free growth and distribution despite seeming ineligibility based on their income brackets. Chris emphasizes the importance of having zero pre-tax dollars in one's traditional IRA before conversion and highlights potential errors, such as triggering unintended taxable events. With a step-by-step guide on implementing this strategy, the hosts stress the significance of consulting licensed professionals to avoid costly mistakes.\"Defeating Taxes\": Available on AmazonThe HUB: www.teachingtaxflow.com/hubEPISODE SPONSORWealth Builders Mortgage GroupYour trusted mortgage partner for investors and entrepreneurs.👉 https://www.wealthbuildersmortgagegroup.com⸻👉 Spotify https://bit.ly/3KdmtJL👉 Apple Podcasts https://apple.co/3ZkyEtX👉 Amazon https://amzn.to/4qmdqa5👉 iHeart https://bit.ly/iheart-TTF","thumbnail_url":"https://img.transistorcdn.com/Qy7TCSKet4tlFzMYt_Syq_LGJX4F5KyjKLVj24DOF2k/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQwMjkyLzE2ODAw/NTEyNzQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}