What happens when you make too much money to contribute to a Roth IRA? In today’s episode, we open the mailbag to answer a listener’s question about what tax-advantaged opportunities exist when a Roth isn’t on the table. Frank breaks down several smart alternatives that can still give you the tax-free growth you’re looking for, including backdoor Roth conversions and Health Savings Accounts (HSAs).
Frank also explains the importance of timing, tracking, and having the right guidance to avoid costly mistakes- especially when navigating rules around contributions and conversions. If you’re looking for ways to build long-term, tax-free income but are over the Roth limits, this conversation lays out some possible moves to make.
Here’s what we discuss in this episode:
📤 Converting after-tax 401(k) contributions
🏥 How an HSA can serve as another powerful tax-free savings vehicle
📚 The importance of getting professional guidance to avoid costly mistakes
0:00 – Intro
0:01 – Listener question
0:34 – Backdoor Roth IRA
1:52 – HSA Accounts
HSA YouTube video:
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