In this episode of Adam Talks, IRA Financial’s Adam Bergman Esq. revisits the Backdoor Roth IRA strategy, that was set to be eliminated by the Build Back Better Act, which is now dead courtesy of Senator Manchin of West Virginia.
With the Build Back Better Act now in limbo, it seems retirement savers get a reprieve on certain provisions of the bill. One of those is the Backdoor Roth IRA. If the bill was passed before the end of the year, the backdoor would have been closed as of 2022. What does this mean for retirement savers? Should you take advantage of this last chance for Backdoor Roth IRA? Listen as Adam talks about the strategy and if it may the right decision for your future.