When you’re investing for your future retirement as a high-income earner, the idea of a Backdoor Roth IRA might come up. But is this the right option for you?
Big questions like this are always better with really smart friends so I thought I’d answer this one with my friend Ashlee DeSteiger again. Ashlee is a CFA®, CFP®, CPA AND one-half of the husband/wife duo at Gunder Wealth Management.
Overview: Backdoor Roth IRA with Ashlee DeSteiger
Ashlee DeSteiger reviews the following:
- The definition of a Backdoor Roth IRA
- When someone might want to use a Backdoor Roth IRA
- Conversely, when it doesn't make sense to use one
LISTEN AND SUBSCRIBE ON:
Guest Bio – Ashlee DeSteiger, CFA®, CFP®, CPA
Ashlee deSteiger CFA, CFP®, CPA founded Gunder Wealth Management, LLC (GWM), an independent registered investment advisor, in 2019. Ashlee’s drive to consistently challenge herself professionally and desire to be part of the advice-driven, technology-focused movement within the financial planning space led her to start her own firm.
When Ashlee isn’t helping couples manage their wealth, she’s spending time with her three kids in Michigan.
Podcast Resources:
- Make My Kid a Millionaire Course: Build and protect generational wealth for your children through my 10-step course. Learn more!
- Family Wealth + Happiness Guidebook: Get the 10 steps to young family wealth and happiness for free by signing up for our bi-weekly newsletter. This 39-page PDF gives the tools, guidance and resources to achieve your own version of family financial independence.
- Thriving Families Facebook Group: Join our new FREE Facebook Community!
- MKM Coaching: Looking for someone to walk alongside you on your financial independence journey? Grab your free 15-minute consultation today.
- Corporate Financial Wellness Presentation: Contact me to discuss how I can support your company's overall financial wellness.
- Recommended Resources: You won’t reach your financial goals without the right tools. Here are my suggestions!
Similar Episodes To This Backdoor Roth IRA Content:
- Coast FIRE: How to Know When You Can Stop Investing for Retirement
- Escaping the Cult of Never Enough | Manisha Thakor
- Your Job is Not Your Life | Simone Stolzoff
Carpe Diem Quote:
“Doing well with money has a little to do with how smart you are and a lot to do with how you behave.”
Morgan Housel
What do you think of the advice from Ashlee DeSteiger? Will you use a Backdoor Roth IRA?
Please let us know in the comments below.
