Backdoor Roth at Vanguard: Step-by-step walkthrough with Form 8606

The video takes you step-by-step through the details of making a backdoor Roth IRA contribution using Vanguard.
Follow me as I make every click and explain what I am doing! A backdoor Roth IRA is when you contribute non-deductible contributions to a traditional IRA then convert it to a Roth IRA.
This allows you to effectively bypass the income limit which would otherwise restrict you from making an annual IRA contribution.
07:08 Special Bonus at the end of the video: I explain how you will fill out tax form 8606 to reflect your backdoor roth contribution which consists of a non-deductible traditional IRA contribution plus a conversion from traditional to Roth. I also have another video explaining the difference between the Backdoor Roth strategy and another strategy called the mega backdoor Roth: Want to know how to do a backdoor Roth IRA contribution for LAST YEAR? Check it out:

Источник: rutube.ru