Many financial advisors will protest to this article's headline, but they're a tiny fraction of taxpayers.

Few taxpayers can differentiate between a Roth and standard IRA.

tax implications of their IRA accounts: – The key is communication. – A few key numbers. – Going through the backdoor. – Adding value for clients.

Few taxpayers can differentiate between a Roth and standard IRA.

There are a few crucial numbers to consider when comparing tax-deferred vs tax-free investing.

A Few Key Numbers $6,000 ($7,000 for those 50 and older). $20,500 ($27,000 for those 50 and older). 59½ $214,000 for married filing jointly

$6,000 won't help most retirees. Instead, discuss 10-20-30-year annual contributions. Their strength is highlighted by $60,000, $120,000, or $180,000.

Roth IRAs can be a tremendous instrument for creating wealth for the future, but income limits apply.