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Smart Money Podcast: Wealth Building Strategies- Investing and Tax Tips for Financial Success

Smart Money Podcast: Wealth Building Strategies- Investing and Tax Tips for Financial Success
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Backdoor Roth IRA: Is It Worth the Effort?

How the conversion process works and who should consider it.

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We Will Make Over $300,000 Combined This Year Can We Use a Backdoor Roth to Reduce Taxes?

High-income households can use what's called a "backdoor Roth" to utilize a Roth IRA despite the program's standard income restrictions. This can be an effective way to build a tax-free stream of income for your retirement, and it is a completely legal strategy. Whether this method will reduce your taxes depends heavily on your tax […] The post We Will Make Over $300,000 Combined This Year. Can We Use a Backdoor Roth to Reduce Taxes? appeared first on SmartReads by SmartAsset.

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Backdoor Roth IRAs: What to Know Before Stepping Through

Weighing the advantages and tax implications of this strategy, and how to set one up.

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7 Ways to Reduce Your Income to Qualify for Roth IRA Contributions

If you re just above the income cutoff to qualify for Roth IRA contributions, these strategies will help you meet it.

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