Ep 40: Would You Benefit from a Backdoor Roth Strategy?

Liz Whitteberry |

Would you benefit from a backdoor Roth strategy? Join us as we explore the ins and outs of this question, tackling what it is, how it works, and, most importantly, whether it might be the right move for you. We’ll discuss the pros and cons, identify the ideal candidates, and talk about why it’s gaining traction in today’s financial landscape. 


We’ll kick off the episode by addressing the basics of the backdoor Roth and dispel some common misconceptions about it. Then, we’ll discuss the potential tax savings and growth that it can offer and share how to keep from making mistakes that could cost you dearly. If you're curious about how this strategy might fit into your financial picture, don't hesitate to reach out to qualified professionals like Liz for personalized insights.


Here’s some of what we discuss in today’s show:


What is a backdoor Roth strategy and how can it benefit high-income earners?


Is the backdoor Roth strategy worth it?


The financial situations where this strategy shines + why it’s so important to understand the rules 



Resources for this episode:




Featured Quote


It's very important to know the rules. And if you don't know all the rules work with somebody that does know the rules because it can get complicated.


If you're going to do this, make sure that you're doing this for long-term growth, because that's where you get the benefit.