@just.ask.hannah: Roth IRAs were designed as a benefit for middle class people below a certain income limit - so how does every ultra wealthy person I know have one? Welcome to the world of backdoor roth conversions! #PersonalFinance #retirement #rothira
So is this a double tax break? The money put into an IRA can deduct from your taxable income. Then convert the IRA to a Roth IRA and not claim taxes on the withdrawal from the Roth IRA either??
2026-08-18 17:25:47
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therealko :
Hi I keep reading you can only contribute 7500/year to your IRAs so how can you move millions into a Roth IRA? Thank u!
2026-08-18 02:40:01
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Sunnybrook Rebecca :
Does this loophole also allow you to put more than $7,500/yr into the Roth?
2026-08-18 18:12:13
127
🆘🇺🇸🆘single.fat.mom :
Yes please
2026-09-09 20:26:02
0
Dylan Mulvaney :
I’m obsessed with how giant this glass of wine is
2026-09-02 03:49:38
52
xeylon :
I never understood why they have a backdoor… just get rid of the income limit. It is entirely stupid at this point. The worst part is when you accidentally get close to the limit… then you have to move it back to traditional and then back out to roth. It is slightly messy.
2026-08-18 02:18:06
207
Jessie Cakes :
I’m still confused 😭
2026-08-18 03:27:33
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user6197001301618 :
How many Roth IRAs can you open per year❓
2026-08-18 13:18:19
7
Alison Yew :
But doesn’t a IRA have a limit of $7000 per year?
2026-08-18 19:47:46
6
Daniel :
More boys club secrets please 🙏
2026-08-23 00:57:43
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Ermz22 :
Can you just transfer what you have in a traditional to your old Roth?
2026-08-18 02:24:12
27
Lizard3892 :
IRAs do have an income limit. You can verify this by googling it and reading 600 million citations.
2026-08-20 21:34:03
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julia b :
Can you talk about the best way to protect yourself from totally flattening your financial stability when you get laid off? In today’s corporate world, getting laid off after just a few years at a company and getting teeny tiny severance while being laid off for months is so normal now. Happened to me and I used up my rainy day fund and had to dip into my retirement because I was jobless for 6 months, with a mortgage and the main breadwinner with two children . I had start all over again saving at 35 ☹️
2026-08-19 02:02:35
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AB :
This feels like a stupid question, but I’m gonna ask it anyway… Then why do people put money into a 401(k) as opposed to a Roth IRA? Does the 401(k) grow faster than Roth IRA?
2026-08-18 04:18:04
9
Sohumm :
hi Hannah! love ur videos. just fyi-your website isnt working for some reason
2026-08-19 15:06:20
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Holliejama :
OR Convert those old 401ks to a Traditional IRAs first. Get them out of your old employers plan and into something you can manage.
2026-08-18 19:27:14
7
JennyAnyway :
I am loving this series already. Can you talk about good ways for parents to invest for their children? Not just for college, but for life?
2026-08-18 03:03:01
9
George :
How many Roth IRAs can we have?
2026-08-18 03:48:50
7
micgant :
Thank you!!!!!!!!!!!
2026-08-23 15:15:29
1
missbambi_eyes :
let me take my notepad out 📝
2026-08-18 19:56:34
1
Bumzizmet00 :
I'd like to point out though that the amount you convert is added to your taxable income for taxes, so it's great to do this if you are unemployed that year or have a dip in income
2026-08-27 03:29:59
0
hotdiggtycorndog :
be my bestie? i just wanna pick your brain on everything 🥰
2026-08-27 22:35:44
2
ofmilknhoney :
Is there a responsible way to invest in the stock market? Only buying certain stocks and not others that one deems problematic?
2026-08-21 02:34:17
1
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