In this video, I walk you through the Vanguard backdoor Roth IRA contribution process for tax year 2022. This is a great way to save money on your taxes and grow your retirement savings. The contribution process can be a little confusing, but I break it down step-by-step in this video so that you can make the most of it. Timecodes: 0:00 - Intro 1:28 - Backdoor Roth IRA 101 3:33 - Step by Step Walkthrough 8:02 - Most Common Backdoor Roth IRA Errors To Avoid ▶︎ https://www.whitecoatinvestor.com/17-ways-to-screw-up-a-backdoor-roth-ira/ ▶︎ https://www.physicianonfire.com/backdoor/ ------------ FAVORITE TOOLS: ► Mint Mobile - Check Out My Partner Mint Mobile, Affordable Phone Service - https://trymintmobile.com/financialtortoise ► SoFi - Checking & High-Yield Savings Account (Terms Apply) - https://sofi.com/tae (Affiliate Link) ► Shortform - More Than Book Summaries - https://shortform.com/taekim LINKS: ► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter ► Favorite Books: https://www.financialtortoise.com/bestbooks DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.