According to Plan - Roth Revealed: Backdoor Roth Conversions

In the latest episode of Amplified Wealth’s According to Plan, hosts Kate Fishbein, CFP® and Tom Farrell, CFP®, CEPA dive into one of the most powerful — and misunderstood — retirement strategies: the Backdoor Roth IRA conversion.

This method can be a great way for high earners to access tax-free growth… if done right.

🎙 Episode Highlights:

🔁 What is a Backdoor Roth?
Learn how high-income investors use this strategy to bypass Roth IRA contribution limits — and why timing is everything.

⚠️ The Pro Rata Rule Explained:
Discover the rule that can trigger a surprise tax bill if you’re not careful about existing IRA balances.

📅 Avoiding Mistakes with Multi-Step Conversions:
Why it’s critical to execute your traditional IRA contribution and Roth conversion promptly — and how to track it all with IRS forms.

🔄 Clean vs. Complicated Scenarios:
Tom and Kate walk through clear examples of who this strategy is right for — and who might want to steer clear.

📁 Key Forms You’ll Need:
From Form 8606 to 1099-R — don’t let paperwork derail your strategy.

And more!

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