Can you really make too much money to contribute to a Roth IRA?

In this episode of Her Money Revolution, Angela Brooks, CFP®, breaks down the truth about backdoor Roth IRAs, why they can be a powerful retirement planning strategy, and how one overlooked IRS rule could leave you with an unexpected tax bill.

While Roth IRAs offer valuable tax advantages, income limits can prevent higher earners from contributing directly. That's where the backdoor Roth strategy comes in. But before you get too excited about finding another way into a Roth IRA, Angela explains why the strategy isn't quite as simple as it sounds.

From understanding the IRS pro-rata rule to exploring mega backdoor Roth options, Angela walks through the potential benefits, common mistakes, and important considerations before making a move. She also shares why proper tax reporting matters and how thoughtful planning can help you avoid costly surprises.

Whether you're a high-income professional, business owner, or simply exploring ways to strengthen your retirement strategy, this episode is a reminder that building wealth isn't about chasing every financial opportunity. It's about choosing the strategies that make sense for your goals.

Listen now!

Episode Highlights:

• Why higher income can limit direct Roth IRA contributions
• What a backdoor Roth IRA is and how the strategy works
• Understanding the IRS pro-rata rule and its potential tax consequences
• Why existing traditional, SEP, and SIMPLE IRA balances matter
• How a 401(k) rollover may affect your backdoor Roth strategy
• Why coordinating with your financial advisor and tax professional is essential
• The importance of correctly reporting Roth conversions using IRS Form 8606
• How a mega backdoor Roth differs from a regular backdoor Roth
• Why not every retirement strategy is right for everyone
• Applying biblical wisdom to financial decisions by counting the cost before taking action
• Three practical steps to review your retirement accounts and explore your options

Connect with Angela:

Website: https://hermoneyrevolution.com/

Instagram: https://www.instagram.com/hermoneyrevolution/

Facebook: https://www.facebook.com/profile.php?id=61561348149519

Financial Resources: https://hermoneyrevolution.com/resources

How can you build greater financial harmony in your relationship?

In this special throwback episode of Her Money Revolution, we’re revisiting a previously released conversation with Angela Brooks, CFP®, about the powerful connection between money and relationships, and why financial challenges are rarely just about dollars and cents.

Drawing from her work as a certified financial planner and behavioral financial advisor, Angela explores how values, expectations, emotional security, and past experiences shape our financial decisions. She shares five practical strategies for creating greater alignment, including regular money conversations, shared goals, clear financial roles, and planning for unexpected life events.

Whether you’re navigating finances with a partner or strengthening your financial foundation on your own, this episode offers a thoughtful reminder that financial harmony grows through communication, intention, and shared understanding.

Listen for the first time or revisit the conversation with a fresh perspective!

Episode Highlights:

• Why financial conflict often reflects values, emotions, and past experiences
• How ongoing money conversations build trust and alignment
• The difference between financial harmony and financial perfection
• How shared financial goals create focus and clarity
• Defining financial roles while maintaining shared responsibility
• Preparing for unexpected events and life transitions
• How your individual relationship with money shapes future partnerships
• Aligning financial decisions with your values and the life you want to create

Connect with Angela:

Website: https://hermoneyrevolution.com/

Instagram: https://www.instagram.com/hermoneyrevolution/

Facebook: https://www.facebook.com/profile.php?id=61561348149519

Financial Resources: https://hermoneyrevolution.com/resources

Which retirement account should you spend from first, and how could that decision affect your long-term tax strategy?

Saving for retirement and spending your retirement savings require two very different skill sets. Once you begin taking income from checking and brokerage accounts, traditional IRAs, Roth IRAs, and other retirement assets, the order and timing of those withdrawals can have significant tax implications.

In Episode 55 of Her Money Revolution, Angela Brooks, CFP®, explains the three primary tax buckets and why there is no universal withdrawal order that works for every retiree. She discusses how withdrawal strategies may change throughout retirement, why the years before Social Security and required minimum distributions begin can create valuable planning opportunities, and how Roth assets can provide additional flexibility.

Angela also explores how retirement withdrawals can affect your tax bracket, Social Security taxation, Medicare premiums, and the assets you eventually leave to your family.

Because retirement planning is not simply about how much you have accumulated. It is about creating a coordinated strategy for turning those assets into income while considering your taxes, investments, healthcare, charitable giving, and legacy goals.

Listen now to learn how a thoughtful retirement withdrawal strategy can help you make more informed decisions for the years ahead.

• Why saving for retirement and spending retirement savings require different strategies
• The differences between taxable, tax-deferred, and tax-free accounts
• Why there is no universal rule for which retirement account to spend from first
• How strategic withdrawals can help manage your lifetime tax bill
• Why early retirement may create valuable tax-planning opportunities
• How required minimum distributions can affect taxes and Medicare premiums
• Why Roth accounts can provide greater flexibility throughout retirement
• How the accounts you leave behind can affect your family’s tax experience
• Why retirement income, taxes, investments, Social Security, Medicare, charitable giving, and estate planning should be coordinated
• Three practical steps for evaluating your retirement withdrawal strategy

Connect with Angela:

Website: https://hermoneyrevolution.com/

Instagram: https://www.instagram.com/hermoneyrevolution/

Facebook: https://www.facebook.com/profile.php?id=61561348149519

Financial Resources: https://hermoneyrevolution.com/resources