At The Money: The Mega Backdoor Roth
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Yeah, we're back, John. I'm a backdown mail. Tax-deferred portfolios, also known as qualified accounts, have become one of the most popular ways to invest. There are about 100 million households, nearly 75% of every household in America, with some sort of a formal tax-advantage retirement savings. Total defined contributions are nearly $14 trillion.
The latest addition in your tax deferred portfolio choices is the mega backdoor Roth. To help us unpack all of this and what it means for your retirement savings, let's bring in Dan La Rosa. He's an expert in qualified retirement accounts and works with clients all over the country. In full disclosure, Dan leads the corporate retirement plans at my firm, Rithel's Wealth Management, and is one of my partners. So let's start with the basics.
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