ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 172: Breaking Down the MEGA Backdoor Roth

The retirement account landscape can be confusing. But maximizing these savings vehicles is so important for ER doctors seeking financial independence. So when the perfect storm of large savings needs meets tax and retirement planning strategies, the mega backdoor Roth strategy may be the tool to get the job done.

On today’s episode, we’ll give an overview of tax-preferenced retirement accounts, breakdown the mega backdoor Roth strategy, and go over the scenarios where it makes the most sense to utilize.

   

Topics Discussed:   
  • Different backdoor IRA strategies.
  • The types of tax preference retirement accounts.
  • Who has access to backdoor options.
  • How much you can contribute and the recent changes.
  • Tax planning and diversification options.

Resources Mentioned:

Tags

backdoor roth, mega backdoor roth, IRA, tax accounts, retirement accounts, ER docs, emergency doctors

by 
Scott Wisniewski, EA