KT
👤 SpeakerAppearances Over Time
Podcast Appearances
I love this question.
Susie, what is a backdoor Roth and how do I do it?
I'll give it a shot.
Let me give it a shot.
Did you plant that?
No, I didn't plant it, but I'll give it a shot.
I don't maybe have the exact numbers right, but the Roth has requirements, and if one doesn't meet those requirements, a backdoor Roth was created for those that have a traditional IRA and
and they're not able to open a Roth, what they can do is convert the traditional IRA.
No, that's not what a backdoor is.
That's why the backdoor is... Oh, that was such a good try.
That's one of the reasons why it exists.
So that you could actually put money through the back door into a Roth.
All right.
Explain it better, please.
That wouldn't be hard.
It's not nice.
That's what I said.
Okay, go ahead.
All right, go ahead.
Finish.