What is a Backdoor Roth IRA? Is there actually a way around the Roth IRA Income Cap? How do I go about executing a Backdoor Roth IRA?

Now keep in mind, a backdoor Roth IRA is NOT an account, it's just a tax strategy to get around the Roth IRA income limit ($129,000 if single or $204,000 if married). A loophole if you will. Hence, the Backdoor part. 

As we approach the end of the year, I wanted to share my 6 Money Rules to help you smash your financial goals in 2022..