People look forward to retirement as a time of fewer obligations, but it can also be a time of lower taxes, especially if you have money in Roth retirement accounts. However, if you earn too much money, you can’t contribute directly to a Roth IRA. But you may still have an option. Host Robert Brokamp lays out the five steps to contributing to a backdoor Roth IRA, and highlights a landmine to avoid.

Also in this episode:
-The stock market posted one of its best 10-day returns – what does history say happens next?
-A new study finds that heirs spend inheritances remarkably quickly. What are ways to leave an inheritance that won’t be squandered?
-The input costs for food companies almost doubled in March, and prices may rise even more over the next three to six months.
-Happy 50th birthday to Vanguard’s S&P 500 index fund, the first index fund available to individual investors.

Host: Robert Brokamp
Engineer: Bart Shannon

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