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Monthly Message-Mega Backdoor Roth IRAs

| December 03, 2021
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The Mega Backdoor Roth IRA is a tactic that can help you shelter investment growth from taxes in retirement by allowing you to move a large amount of cash into a Roth IRA every year.
Watch below to learn more about this tactic and how it might change in the near future.


Any opinions are those of Jim Hyre, CFP; Doug Ramsey, CFP; and Phil Constans; Wealth Advisor; and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation.  
Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. Investors should consult a tax advisor before deciding to do a conversion. 
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