Skip to main content

Backdoor Roth IRA for High Income Earners


(302) 734-7526 Think you make too much to contribute to a Roth IRA? Not so fast. In 2010 the IRS eliminated the $100,000 income limit for Roth IRA conversions meaning that you can convert a Traditional IRA to a Roth IRA regardless of how much money you make. Traditional IRA’s allow you to make NON-DEDUCTIBLE contributions regardless of your annual income and whether or not you have a retirement plan at work. When we put these two things together we find a legal IRS tax loophole that allows you to get money into a Roth IRA each and every year even if you make over the maximum income limit. Here’s how it works. You first fund a Traditional IRA with after-tax, non-deductible dollars and then you convert that account to your Roth IRA the following year. You pay no tax on the principle since the Traditional IRA contributions were non-deductible to begin with. The only catch is that you cannot take advantage of this loophole if you have any other Traditional IRA’s. We can help you figure out a Roth IRA conversion strategy and take advantage of this IRS loophole. Give us a call today. ...(read more)



LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
https://inflationprotection.org/backdoor-roth-ira-for-high-income-earners/?feed_id=46768&_unique_id=638e90c062453 #Inflation #Retirement #GoldIRA #Wealth #Investing #BIGInvestmentServices #BootheInvestmentGroup #DavidBoothe #Dover #estateplanning #financialplanner #FinancialPlanning #FinancialServices #Investments #wealthmanagement #BackdoorRothIRA #BIGInvestmentServices #BootheInvestmentGroup #DavidBoothe #Dover #estateplanning #financialplanner #FinancialPlanning #FinancialServices #Investments #wealthmanagement

Comments

Popular posts from this blog

"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

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

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. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary 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