Tips Your Parents Taught You That May Not Apply Anymore (If You're a High Earner)

Which money lessons still work for high earners, and how can a backdoor Roth help when income limits get in the way? Host Andrew Giancola walks through eight money lessons from your parents that may need an update if you want to grow serious wealth as a high earner. Then, he reacts to a video on how a backdoor Roth IRA helps high earners save tax free even when their income is too high to contribute directly. Interested in working with a financial advisor? Visit nerdwalletwealthpartners.com Reaction video from @rachelcruze https://www.tiktok.com/@rachelcruze/video/7356297395669421354  NerdWallet Wealth Partners LLC (NWWP) is a SEC registered investment adviser. Registration does not imply a certain level of skill or training, nor does it constitute an endorsement by any securities regulator. The content presented by NWWP on its Your Next Dollar podcast is for informational and educational purposes only and is not intended as personalized investment, tax, or legal advice to any person. The views, strategies, examples, and figures discussed are intended to be general in nature, subject to change at any time based upon market or other conditions and may not be suitable for every individual. Any hypothetical illustrations used are for educational purposes only and do not represent a guarantee or prediction of future results. All investments carry risk, including the potential loss of principal, and past performance is not a guarantee of future results. NWWP's investment advisory services are only offered where NWWP and its representatives are registered. Before making any financial decision, seek advice from a qualified investment, tax, or legal professional.