The ultra-wealthy strategically maximize financial tools like the Roth IRA for building wealth. Financial experts reveal tips for following the 1% lead, emphasizing timely contributions and automation for long-term growth. Even those exceeding income limits can benefit from “Backdoor Roth” strategies. Self-directed Roth IRAs offer diverse investment options beyond traditional assets. Timing Roth contributions based on tax brackets can lead to significant savings, especially for healthcare costs in retirement. Leveraging Roth accounts for generational wealth transfer is a key strategy for the wealthy, as they provide tax-free withdrawals and growth opportunities for heirs.

Read more at Yahoo Finance: 6 Things the 1% Are Doing With Their Roth Accounts (And Why You Should Pay Attention)