The Most Overlooked Wealth Tool for High Earners

Household income over $400K–$500K? The IRS says you can't contribute directly to a Roth IRA, but a backdoor Roth IRA contribution is a legal, IRS-documented strategy (Form 8606) that lets high-income earners and their spouses keep funding Roth accounts year after year. In this video, Scott Sturgeon, Senior Wealth Advisor and founder of Oread Wealth Partners, breaks down: - Why high earners are locked out of direct Roth IRA contributions - How the backdoor Roth IRA contribution process actually works (non-deductible IRA → Roth conversion) - The pro-rata rule — and how to avoid the mistake that quietly kills the tax benefit - Mega backdoor Roth IRA contributions through an after-tax 401(k), for those with access A real household projection showing the long-term impact of consistent backdoor Roth contributions over 25+ years - Why Roth IRAs pair well with required minimum distributions (RMDs), Roth conversions, and other retirement income sources Who this is for: physicians, business owners, and other high-income households who've been told they "can't" use a Roth IRA and want a more tax-efficient retirement income strategy. Timestamps: 0:00 Intro — why high earners think Roth IRAs are off-limits 0:00 What a backdoor Roth IRA contribution is 0:00 Case study: a $575K household over 25 years 0:00 Step-by-step: how the strategy is executed 0:00 The pro-rata rule (and how to avoid it) 0:00 Mega backdoor Roth IRA contributions 0:00 Key considerations before you start 📩 Interested in a free assessment or want to talk through whether this fits your situation? - https://www.oreadwealth.com/free-assessment Disclosure: This video is for general educational purposes only and does not constitute personalized investment, tax, or legal advice. The household example shown is hypothetical and used for illustrative purposes only; it is not a guarantee or projection of any individual's results, and assumes a 5.5% rate of return that is not representative of any actual investm