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Solo 401k Webinar - "How To" Guide - Mega Backdoor Roth Solo 401k Conversion to Roth IRA at Fidelity


Harvard Law Attorney George Blower leads an in-depth discussion of how to contribute up to $58,000 for 2021 to your Solo 401k and then convert it to a Roth IRA at Fidelity. 2:00 How to Open a Mega Backdoor Roth Solo 401k at Fidelity 11:11 Mega Backdoor Roth Contribution Rules & Limits 19:21 Mega Backdoor Roth Solo 401k to Roth IRA Examples 21:57 Mega Backdoor Roth Solo 401k Deadline & How to Report 26:20 How to Convert Mega Backdoor Roth Solo 401k to Roth IRA LEARN MORE: The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe to our channel for weekly educational webinars: For over 10 years, My Solo 401k Financial is the leading self-directed solo 401k provider having helped over 8,000 clients take control over their retirement funds by focusing on superior knowledge, expertise, and customer service with over 100+ 5-star verified customer reviews on the Better Business Bureau (BBB)....(read more)



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Solo 401k Webinar - "How To" Guide - Mega Backdoor Roth Solo 401k Conversion to Roth IRA at Fidelity Are you looking for ways to maximize your retirement funds? A Solo 401k plan could be the solution you're searching for. But it doesn't end there. By performing a Mega Backdoor Roth Solo 401k Conversion, you can enjoy additional benefits. Fidelity's webinar session will take you through how to execute this conversion smoothly. A Solo 401k plan is ideal for small-business owners and self-employed individuals who want to contribute more to retirement funds than traditional 401k plans allow. The contribution limits for Solo 401k plans are generous, allowing you to save more than $58,000 annually. Additionally, the Mega Backdoor Roth Solo 401k Conversion allows you to boost your retirement savings even more. Converting from a traditional solo 401k to a Roth IRA is advantageous because it allows you to receive tax-free withdrawals throughout retirement. However, there are specific rules to follow when executing the conversion to prevent incurring tax penalties. Fidelity's webinar session will teach you how to perform a Mega Backdoor Roth Solo 401k Conversion safely and effectively. You will learn how to maximize the conversion's tax benefits while complying with IRS regulations. The session provides an easy-to-follow guide that outlines the steps you need to take to convert from a Solo 401k to a Roth IRA. This webinar session is incredibly beneficial for anyone interested in optimizing their retirement savings. The conversion to a Roth IRA is a fantastic way to reap tax benefits and ensure you have enough savings to see you through your retirement. We encourage you to tune in to Fidelity's webinar session to learn how to perform a Mega Backdoor Roth Solo 401k Conversion smoothly. You'll be glad you did when you're enjoying tax-free withdrawals throughout retirement. https://inflationprotection.org/solo-401k-webinar-how-to-guide-mega-backdoor-roth-solo-401k-conversion-to-roth-ira-at-fidelity/?feed_id=78653&_unique_id=641306f2bdf6a #Inflation #Retirement #GoldIRA #Wealth #Investing #Conversion #fidelity #MegaBackdoorRothSolo401k #RothIRA #BackdoorRothIRA #Conversion #fidelity #MegaBackdoorRothSolo401k #RothIRA

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