Signs You're Doing Roth IRA Wrong

Think your Roth IRA is set up perfectly? You might want to think again. There's a good chance you're making at least one mistake without realizing it. Roth IRAs are powerful retirement tools, but they come with a bunch of IRS rules that can trip you up. Learn the most common Roth mistakes people make — including backdoor Roth mishaps and the dreaded "pro rata" problem. We'll help you figure out if something's off with your contributions before it turns into a costly headache. If you've got a Roth or you're thinking about opening one, this episode will show you what to watch out for. Key moments: (06:39) The most flexible savings tool for retiring early (10:27) Reclassifying IRA contributions and what is a backdoor Roth (15:28) The common mistake high-income earners make (19:58) Pro rata red flags (29:50) When your Roth IRA investment isn't actually invested There's no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free! Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts