fbpx

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  

TPP

1 Comment

  1. Anon

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

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

You might also be interested in…

Should I Use My HSA or FSA?

Should I Use My HSA or FSA?

As we head into the final months of the year, which is typically the time of year for open enrollment for benefits, lots of benefit questions inevitably arise – particularly in regards to spending accounts like HSA vs FSA.

5 Things About Retirement Accounts Every Doctor Should Know

5 Things About Retirement Accounts Every Doctor Should Know

Retirement funds are one of the biggest points of financial confusion for doctors. We want to provide some clarity and understanding so you can learn what you need to know to start making your money grow.

We’re going over five things about retirement accounts every doctor should know.

MMM 90: Hard Decisions on Money Meets Medicine

MMM 90: Hard Decisions on Money Meets Medicine

Have you ever felt like things are getting really heavy? And that you need to make a change? That is what we are going to do today on the show today. We are going to pull back the curtain and talk about things that have been going on in our lives. Often people don’t think about the lives of the people behind the YouTube videos or podcasts like this one, Money Meets Medicine. So today we are going to dive in and talk about hard decisions on this podcast Money Meets Medicine. Join us as we explore why resting in your personal and financial lives is essential for healthy success.

Are you ready to live a life you love?