In this educational video, Victor from Connor Wealth Management explains the concept of a Backdoor Roth IRA. While Roth IRAs offer tax-free growth and withdrawals in retirement, there are income limits that may prevent high earners from contributing directly. The Backdoor Roth IRA strategy provides a legal workaround for those who earn above these limits. Victor breaks down the process into three easy-to-follow steps and highlights the benefits of this strategy.