Log in to follow creators, like videos, and view comments.


Create effects

See more
© 2023 TikTok


Call to Leap


School Teacher🧑🏻‍🏫 Financially Free @33 50% Discount on Investing Class👇


Money Hacks

16 posts


6 posts


45 posts

Compounding ↗️

12 posts

StockMarket 101

52 posts


7 posts

Investing 101

17 posts


25 posts

Options Trading

56 posts


Follow @calltoleap for more beginner investing videos! Do you know how to use the Backdoor Roth IRA? Watch this video to find out!

Follow me @calltoleap to learn more things like this about money!




-The backdoor Roth IRA is a strategy used by high earners for converting a traditional IRA to a Roth IRA.
-Using this strategy, you can contribute to an IRA and roll them over to a Roth IRA or convert an entire IRA to a Roth.
-The backdoor Roth IRA strategy is a legal way to get around the income limits that usually prevent high earners from owning Roth IRAs.
-The backdoor Roth IRA strategy is not a tax dodge—in fact, it may incur higher taxes when it’s established—but you'll get the future tax savings of a Roth account.
-The backdoor Roth IRA strategy is also beneficial for someone who anticipates having funds leftover in their traditional IRA because they can pass the money on to their heirs in a Roth IRA.

3 ways to use the backdoor Roth IRA:
1. Contribute money to an existing traditional IRA and then roll over the funds to a Roth IRA. Or you can roll over existing traditional IRA money into a Roth—as much as you want at one time, even if it’s more than the annual contribution limit.
2. Convert your entire traditional IRA to a Roth IRA.
3. If your company 401(k) plan allows conversions, you can roll your 401(k) account over to a Roth IRA.

Make sure you check out my next master class on September 26th at 5:30 PM PT the link to sign up is in my bio! 🔥

#calltoleap #financialfreedom #personalfinance
Get TikTok App