High Income Earners, the TRUTH about Roth accounts

I work with a lot of high-income earners.  Near Seattle we have Google, Amazon, Microsoft, Boeing, Meta, and a host of other high tech, high paying companies.

When doing financial planning for high income earners, once I create tax efficiency in their current investments and retirement assets we can personally invest, I help them with their company retirement plans (401ks mostly).

Often, I will say “ok, you are saving into pretax 401k, I want you to save into a Roth.”

The response I normally get is “I can’t, I make too much money for Roth.”

This statement is actually 50% TRUE, 50% False.

Creating tax free wealth is something I preach as loudly and often as I can to my clients.  And the short version of this sermon is this.

The more money you make, and the younger you are, the more you need to create tax-free wealth.

The Roth IRA is one-way high-income earners can save money tax free, but it is not the only way.  And it is true that if you make too much money, you cannot directly contribute to a Roth IRA.  But it is NOT true that you cannot get money into a Roth at all.

Watch below to learn more.