www.edelmanfinancialengines.com Open in urlscan Pro
104.102.48.98  Public Scan

Form analysis
2 forms found in the DOM

GET /

<form role="search" method="get" class="search-form" action="/">
  <div class="input-group">
    <input type="search" class="form-control search-input" placeholder="Search ..." name="s" title="Search for:" style="font-size: 16px;">
  </div>
  <button type="submit" class="efe-nav-desktop-search efe-cta-primary mb-0 ml-5 button_link menu__icon menu__close-search-button">Search</button>
  <img id="close_search_button" alt="" src="https://www.edelmanfinancialengines.com/wp-content/themes/EFE_Divi_Child_Theme/images/nav/Menu--X.png">
</form>

GET /

<form role="search" method="get" class="menu__search-form" action="/">
  <div class="input-group">
    <input type="search" class="form-control menu__search-input" placeholder="Search ..." name="s" title="Search for:" style="font-size: 16px;">
  </div>
  <button type="submit" class="efe-nav-mobile-search efe-cta-primary mb-0 button_link">Search</button>
  <img id="close_search_button_mobile" alt="" src="https://www.edelmanfinancialengines.com/wp-content/themes/EFE_Divi_Child_Theme/images/nav/Menu--X.png">
</form>

Text Content

Search
(833) PLAN-EFE
Log In

 * Working With Us
   Working With Us
   Our Approach
   Our Locations
   Our Planners & Experts
 * Services
   Wealth Management Services
   Financial Planning Retirement Planning
   Investment Management Tax Planning
   Insurance Guidance Estate Planning
   Employer Services
   Enterprise Workplace Solutions Small-Business Solutions
 * Insights
   Everyday Wealth Podcasts Market Insights Tax Planning Retirement Planning
   Home and Mortgage Everyday Wealth
   in America 2022 Report
   
   FEELING TAXED?
   
   Many Americans are unsure of what to expect for retirement taxes ...
   
   Read Now
   
   Everyday Wealth in America 2022 Report
   
   What does it mean to be “wealthy”? The definition depends on many variables
   ...
   
   Read Now
   
   Recession or recession-ish? Bear markets or bear-ish?
   
   4 min 22 sec
   
   The true definition of a recession is technically two back-to back quarters
   of gross ...
   
   Listen Now
   View All Categories
 * About Us
   Who We Are
   Our Story Our Leadership Our Locations FAQs
   Pressroom Careers Contact Us
   Our Mission
   We believe everyone deserves to move their financial life forward.

Connect With a Planner
 * Working With Us
   Our Approach Our Locations Our Planners & Experts
 * Services
   Wealth Management Services Financial Planning Retirement Planning Investment
   Management Tax Planning Insurance Guidance Estate Planning Employer Services
   Enterprise Workplace Solutions Small-Business Solutions
 * Insights
   Everyday Wealth Podcast Market Insight Tax Optimization Retirement Planning
   Everyday Wealth
   in America 2022 Report View All Categories
 * About Us
   Our Story Our Leadership Our Locations FAQs Pressroom Careers Contact Us

Connect With a Planner
Log In
(833) PLAN-EFE

Search
Home > Everyday Wealth > What is a backdoor Roth IRA?
S2 Episode 17:


WHAT IS A BACKDOOR ROTH IRA?



Along with retirement plans at your workplace like a 401(k) or 403(b), IRAs have
become the cornerstone of modern retirement. There are two types of IRAs -
traditional and Roth - and the goals of these two accounts are similar - save
for and fund your retirement - but they differ in some important ways. In this
episode of Edelman Financial Engines’ Everyday Wealth™, Jean breaks down what
those differences are and how a backdoor Roth may be a valuable tool to help
with estate planning and wealth transfer. Later in the episode, Jean is joined
by wealth planner Andy Smith to answer a listener’s question about when to do a
backdoor Roth conversion and how it could help reduce her tax bite.

 

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth
podcast and for related activities and therefore has an incentive to endorse
Edelman Financial Engines and its planners. That compensation is a fixed sum
paid on an annual basis; and reimbursement for certain expenses. The amount paid
each year does not vary, is not based on show content or any results-dependent
factors (e.g., popularity of the show).

This show is pre-recorded, and any callers are prescreened.

The information regarding IRAs and backdoor Roth IRAs is provided for
informational and educational purposes only and should not be construed as tax
or investment advice. You should consult with a financial advisor and tax
professional to help determine the best options for your particular
circumstances. Neither Edelman Financial Engines nor its affiliates offer tax
advice.





Explore the crossroads of financial decisions and how they affect your life.


MEET YOUR HOST


JEAN CHATZKY

A financial journalist and New York Times bestselling author with an innate
ability to explain the complex world of money.

About Jean Chatzky

 * 
 * 
 * 

Quick Links
Our Locations
Education
For Employers
Contact Us
Call: (833) PLAN-EFE
Contact Us
About Us
About Our Company
Team
Pressroom
FAQs
Careers
Client Logins
Client Mobile App
Client Portal Login
Charles Schwab
TD Ameritrade
E.TRADE
Fidelity
Legal Information Privacy Policy Terms of Use Form CRS Edelman Financial Engines
ADV Business Continuity Wrap Fee Brochure Do Not Share My Personal Information

The Barron’s 2022 Top 100 RIA Firms list, a seven-year annual ranking of
independent advisory firms, is qualitative and quantitative, including assets
managed by the firms, technology spending, staff diversity, succession planning
and other metrics. Firms elect to participate but do not pay to be included in
the ranking. Compensation is paid for use and distribution of the rating.
Investor experience and returns are not considered. The 2018 ranking refers to
Edelman Financial Services, LLC, which combined its advisory business in its
entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the
same survey, FEA received a precombination ranking of 12th.

The Financial Times 300 Top Registered Investment Advisers list is an
independent listing produced annually by the Financial Times (July 2020). The FT
300 is based on data gathered from RIA firms, regulatory disclosures and the
FT’s research. The listing reflected each practice’s performance in six primary
areas: assets under management, asset growth, compliance record, years in
existence, credentials and online accessibility. This award does not evaluate
the quality of services provided to clients and is not indicative of the
practice’s future performance. Neither the RIA firms nor their employees pay a
fee to the Financial Times in exchange for inclusion in the FT 300.

Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance
products. Edelman Financial Engines affiliates may receive insurance-related
compensation for the referral of insurance opportunities to third parties if
individuals elect to purchase insurance through those third parties. You are
encouraged to review this information with your insurance agent or broker to
determine the best options for your particular circumstances.

All information provided is for educational purposes only and does not
constitute investment, legal or tax advice; an offer to buy or sell any security
or insurance product; or an endorsement of any third party or such third party's
views. The information contained herein has been obtained from sources we
believe to be reliable but is not guaranteed as to its accuracy or completeness.
Whenever there are hyperlinks to third-party content, this information is
intended to provide additional perspective and should not be construed as an
endorsement of any services, products, guidance, individuals or points of view
outside Edelman Financial Engines. All examples are hypothetical and for
illustrative purposes only. Please contact us for more complete information
based on your personal circumstances and to obtain personal individual
investment advice.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice.
Interested parties are strongly encouraged to include your qualified tax and/or
legal professionals in these discussions and decisions to help determine the
best options for your particular circumstances.

Videos presented on this website are for educational purposes only and do not
constitute investment advice or an offer to buy or sell any security or
insurance product.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a
registered trademark of Edelman Financial Engines, LLC. All advisory services
provided by Financial Engines Advisors L.L.C., a federally registered investment
advisor. Results are not guaranteed.

Quick Links
Our Locations
Education
For Employers
Contact Us
Call: (833) PLAN-EFE
Contact Us
About Us
About Our Company
Team
Pressroom
FAQs
Careers
Client Logins
Client Mobile App
Client Portal Login
Charles Schwab
TD Ameritrade
E.TRADE
Fidelity
 * 
 * 
 * 

Legal Information Privacy Policy Terms of Use Form CRS Edelman Financial Engines
ADV Business Continuity Wrap Fee Brochure Do Not Share My Personal Information

The Barron’s 2022 Top 100 RIA Firms list, a seven-year annual ranking of
independent advisory firms, is qualitative and quantitative, including assets
managed by the firms, technology spending, staff diversity, succession planning
and other metrics. Firms elect to participate but do not pay to be included in
the ranking. Compensation is paid for use and distribution of the rating.
Investor experience and returns are not considered. The 2018 ranking refers to
Edelman Financial Services, LLC, which combined its advisory business in its
entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the
same survey, FEA received a precombination ranking of 12th.

The Financial Times 300 Top Registered Investment Advisers list is an
independent listing produced annually by the Financial Times (July 2020). The FT
300 is based on data gathered from RIA firms, regulatory disclosures and the
FT’s research. The listing reflected each practice’s performance in six primary
areas: assets under management, asset growth, compliance record, years in
existence, credentials and online accessibility. This award does not evaluate
the quality of services provided to clients and is not indicative of the
practice’s future performance. Neither the RIA firms nor their employees pay a
fee to the Financial Times in exchange for inclusion in the FT 300.

Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance
products. Edelman Financial Engines affiliates may receive insurance-related
compensation for the referral of insurance opportunities to third parties if
individuals elect to purchase insurance through those third parties. You are
encouraged to review this information with your insurance agent or broker to
determine the best options for your particular circumstances.

All information provided is for educational purposes only and does not
constitute investment, legal or tax advice; an offer to buy or sell any security
or insurance product; or an endorsement of any third party or such third party's
views. The information contained herein has been obtained from sources we
believe to be reliable but is not guaranteed as to its accuracy or completeness.
Whenever there are hyperlinks to third-party content, this information is
intended to provide additional perspective and should not be construed as an
endorsement of any services, products, guidance, individuals or points of view
outside Edelman Financial Engines. All examples are hypothetical and for
illustrative purposes only. Please contact us for more complete information
based on your personal circumstances and to obtain personal individual
investment advice.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice.
Interested parties are strongly encouraged to include your qualified tax and/or
legal professionals in these discussions and decisions to help determine the
best options for your particular circumstances.

Videos presented on this website are for educational purposes only and do not
constitute investment advice or an offer to buy or sell any security or
insurance product.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a
registered trademark of Edelman Financial Engines, LLC. All advisory services
provided by Financial Engines Advisors L.L.C., a federally registered investment
advisor. Results are not guaranteed.




DO NOT SHARE MY PERSONAL INFORMATION




 * YOUR PRIVACY


 * STRICTLY NECESSARY COOKIES


 * SOCIAL MEDIA COOKIES


 * ADVERTISING COOKIES


 * PERFORMANCE COOKIES


 * FUNCTIONAL COOKIES

YOUR PRIVACY

Like many online services, Edelman Financial Engines uses cookies and similar
technologies to enhance your online experience. When you visit our website, we
store cookies on your browser to collect information. The information collected
might relate to you, your preferences or your device, and is mostly used to make
the site work as you expect it to and to provide a more personalized web
experience. However, you can choose not to allow certain types of cookies. Click
on the different category headings to find out more and change your settings
according to your preference. For information about our privacy practices,
please refer to our
Privacy Policy

STRICTLY NECESSARY COOKIES

Always Active

These cookies are necessary for our sites and services to function and cannot be
switched off.

SOCIAL MEDIA COOKIES

Social Media Cookies Active


These cookies are set by a range of social media services that we have added to
the site to enable you to share our content with your friends and networks. They
are capable of tracking your browser across other sites and building up a
profile of your interests. This may impact the content and messages you see on
other websites you visit.

ADVERTISING COOKIES

Advertising Cookies Active


These cookies may be set through our sites and services by our advertising
partners. These companies may use cookies and similar technologies to try to
tailor the ads you see online to your interests based on your activity over time
across our services and other sites, or your interaction with our emails.

PERFORMANCE COOKIES

Performance Cookies Active


These cookies allow us to understand how users interact with the different
features of our sites and services and discern traffic sources so that we can
measure and improve the performance the sites and services.

FUNCTIONAL COOKIES

Functional Cookies Active


These cookies enable and enhance the functionality of our sites and services.

Back Button


COOKIE LIST

Filter Button
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Clear
checkbox label label
Apply Cancel
Confirm My Choices
Allow All