I asked financial advisors to share common setbacks to gaining a 7-figure net worth they've seen. Ignoring the backdoor Roth IRA option and being too risky with investments can set you back. That's why I asked some of the best financial advisors to share what the biggest setbacks they've seen clients experience trying to make it to that level. Advertisement"A Mega Backdoor Roth IRA allows high-income taxpayers to create a permanently tax-free Roth IRA, even if their incomes exceed the amount for traditional Roth ownership," said Colvert. "The last thing you want is an accident to put your hard-earned net worth at risk."

---

Persons: Roth, —, I've, Brian Colvert, Colvert, Billy Mondor, Mondor, Jay Zigmont, Christy Matzen, Matzen Organizations: Service, IRA, Roth