How to Set up Mega Backdoor Roth with Vanguard (in plan conversion method step-by-step)

In the recent presidential debate, NY Times has reported that Trump only paid $750 in federal income taxes in 2017. So in today's video, I'm going to talk about what a Mega Backdoor Roth is (which is one of the biggest tax hack), its eligibility criteria and a detailed walk-through on how to set it up at Vanguard via its Roth In-plan Conversion. You can also deploy the same strategy with Charles Schwab or Fidelity if they are your employer retirement sponsor. I would recommend Mega Backdoor only if you have already max'ed out pre-tax 401K, HSA or Roth IRA (you can check out details in this video: 0:00 Intro 1:24 What is Mega Backdoor Roth 1:54 Difference between Pre-tax, Roth and After-tax 401K 4:52 Eligibility Criteria 6:16 How to Set Up via Vanguard (Roth in-plan conversion) ***RECOMMENDATIONS*** What Video to Watch Next? Right order to contribute to 401K, IRA, and HSA: How to Set up Backdoor Roth: Mega Backdoor Roth via In-service Distribution: _________ ***DISCLAIMER*** This content for my video is for education and entertainment purposes only. You should use your own discretion to follow any advice as described in this video. This description may contain affiliate or referral links that allow you to find the things mentioned in this video and support the channel at no cost to you. #MegaBackdoorRoth #Vanguard #InPlanConversion #RothIRA #Roth401K #PreTax401K #MegaBackdoorConversion #AfterTax401K #RetirementContribution #RetirementSavings #TaxAdvantagedAccounts #FIRE #RetireEarly #TaxLoopHole #TaxHack...(read more)

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"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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