All-Pro Falcon receiver Julio Jones signed a $71.25 million contract extension this week, keeping him in Atlanta through 2020 and allowing him to comfortably convert his 401k to a Roth IRA.
The talented, fiscally prudent receiver thanked Falcons management for showing faith in him as a cornerstone offensive threat and for giving him the financial stability needed to comfortably adjust his portfolio into a more tax-advantaged structure.
Jones also said he would execute a so-called Backdoor Roth: funding a non-deductible IRA before immediately converting it to a Roth, thus evading federal prohibitions governing deductible IRAs.
“This is something I always dreamed about when I was playing football in the backyard as a kid,” Jones said. “That the IRS would remove the income limit on Roth conversions. I feel blessed.”
Jones’ extension is good news for Bengals wideout AJ Green, who is in the final year of his rookie contract and has expressed interest in investing more heavily in low-volatility exchange traded funds (ETFs).