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Two of the most beneficial tax planning tools are Backdoor Roth IRA conversions and Mega Backdoor Roth conversions. If done correctly, they are excellent methods for moving additional assets into a Roth account. The downside is that if not properly performed, you might be hit with an unwanted tax liability due to the Pro Rata Rule. In this video, we break down this complex topic to help you avoid potential tax mistakes and make the most of your Roth conversions. Clayton Hostetter, CPA/PFS, CFP®,
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