How to learn? From mistakes

Priscilla Suggs | CPA & Tax Strategist on Instagram: "High earners, don’t get locked out of a Roth IRA! 💡 The backdoor Roth is a legal strategy to get tax-free growth even if you exceed income limits. • Contribute nondeductible funds to a Traditional IRA • Convert to a Roth IRA quickly • File Form 8606 to track your basis • Watch out for the pro rata rule if you have other IRAs With proper planning, you could grow your contributions into hundreds of thousands or even millions tax-free over time