///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website: twitter: @travissickle Instagram: facebook: LinkedIn: Sickle Hunter Financial Advisors 1646 W Snow Ave. Suite 144 Tampa, FL 33606 ------------------------------------------------------- Gear Used in Videos Income Protection: You have a 1 in 4 chance of becoming unable to work due to disability. Your Breeze Disability Insurance policy will replace part of your lost income if and when you need it. Apply here Partnership referral links Aura Identity Theft Protection *Up to 50% off* HTTPS://www.aura.com/travis Seeking Alpha 50% Discount All Amazon links are affiliate links ____________________________________________________________________________ Information in this video is for educational and entertainment purposes only. sicklehunter.com/disclosures ____________________________________________________________________________ #travissickle...(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
The Backdoor Roth Conversion is an innovative tool that enables you to convert traditional IRA funds to a Roth IRA. It has become increasingly popular among taxpayers who wish to take advantage of the tax-free benefits of the Roth IRA. However, not everyone can take advantage of the traditional way to convert a traditional IRA into a Roth IRA – thanks to the taxation rules. Some taxpayers mistakenly believe that they cannot participate in a Backdoor Roth Conversion because they earn too much. In reality, there are no regulations surrounding income, as there were in the past. Anyone can participate in this conversion, regardless of their income. However, stockpiling a large IRA balance can prevent you from a smooth ride. There is no reason to think that you have lost your chance to perform this conversion tax-free. A last-minute backdoor Roth conversion is a way of contributing to your Roth in the current year, after December 31st of the same year. This is permissible via the backdoor, due to the logic that Roth contributions for the current year can be continued until the tax-filing deadline of the following year. Because this conversion is done well beyond December 31, avoid adding any contributions before the conversion, as they might be subjected to taxes. It might seem daunting, but the process is relatively easy. Start by opening a traditional IRA account and funding it in full. Next, you’ll need to contact your traditional IRA custodian, asking to convert your traditional IRA to a Roth IRA. You will then transfer your traditional IRA balance to your new Roth IRA account. Voila – you’ve performed a last-minute backdoor Roth Conversion, which will offer you tax-free growth on your converted balance. The biggest takeaway from all of this is that it is never too late to start thinking about retirement. By taking advantage of a last-minute backdoor Roth conversion, you can take the first steps towards securing your financial future. Even if you feel like you’re behind the curve, a Roth IRA can help you catch up, with contributions well beyond the standard limit for people starting closer to retirement. In conclusion, availing yourself of the Last Minute Backdoor Roth Conversion is an excellent strategy if you missed out on the previous year's contribution. The good news is that it's easier than ever to participate in this conversion, without worrying about incurring any tax penalties. If you're considering a Last Minute Roth Conversion, speak with your financial advisor for options that are best suited to your situation. https://inflationprotection.org/last-minute-backdoor-roth-conversion/?feed_id=78135&_unique_id=6410b799800ed #Inflation #Retirement #GoldIRA #Wealth #Investing #travissickle #BackdoorRothIRA #travissickle
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