Money Meets Medicine Podcast

MMM 48: How to Make a $24K Backdoor Roth in a Year

It’s almost the end of December! It’s time to get those Backdoor Roth’s in if you haven’t quite done it yet. In today’s episode, we break down the process. You’re going to learn everything you need to know to get your Backdoor Roth all ready down to the step by step process! Keep on reading!

What You’ll Learn:

In this episode of Money Meets Medicine, “How to Make a $24K Backdoor Roth in a Year,” you’re going to learn:

  • Everything you need to know about how to get your Backdoor Roth ready.
  • A step-by-step guide so you make sure you’ve done everything you need to do.
  • The stuff that advisors won’t really help you with.
  • And more!

Quotes To Remember 

“The idea with Roth and investments is that you've already been taxed on it. And so you're gonna put post tax money into an account, and then it is going to grow tax free.”
“2020 has shown us like they're printing trillions of dollars. At some point that bill comes due. As a nation, we are trillions and trillions of dollars in debt.”

Resources from the Episode:

How to make a $24,000 Backdoor Roth IRA Conversion In One Year!

Backdoor Roth IRA: A Step by Step Guide at Vanguard

This Episode’s Sponsor

Shopping for disability insurance is complicated enough. Wondering if you are getting the best prices and discounts can make the process even more overwhelming. This is where Pattern can help!  Recently, Principal Financial announced that their unisex discount is being eliminated at the end of 2020. This means the best pricing for most female physicians will disappear December 31st. Female doctors need to request their free quotes today to potentially save 50% or more. 

You can be confident you have the right policy at the best price possible when you request your disability insurance quotes with Pattern at thephysicianphilosopher.com/PatternInsurance  

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1 Comment

  1. Anon

    Need to have a transcript for those who can’t listen


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