Enlarge your Roth IRA with UBS Trending

Do YOU want to better your savings for retirement? Consider converting your IRA to a Roth. We must be prepared for the realities of a longer retirement, taxes, aging parents, and long-term healthcare. Roth conversions may be the answer for many of us. Why? #shareUBS...(read more)

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Saving for retirement can be a daunting task, but thankfully there are various tools and strategies to help make the process easier. One such tool is the Roth IRA, a retirement account that can offer tax-free growth and withdrawals in retirement. However, there are limits to how much you can contribute each year, which can make it challenging to fully fund your retirement goals. That's where "supersizing" your Roth comes into play. Supersizing your Roth refers to utilizing strategies and tools to contribute as much as possible to your Roth IRA, potentially exceeding the annual contribution limit of $6,000 for those under 50, or $7,000 for those over 50. Here are three ways to supersize your Roth: 1. Backdoor Roth IRA: If you earn too much to contribute to a Roth IRA directly, you may still be able to make contributions through a backdoor Roth IRA. This involves making a nondeductible contribution to a traditional IRA and then converting it to a Roth IRA. While this may incur some taxes, it can still provide tax-free growth and withdrawals in retirement. 2. Mega Backdoor Roth: For those with high incomes and access to a 401(k) plan with after-tax contributions, the mega backdoor Roth strategy can be a powerful tool. It involves contributing after-tax dollars to your 401(k) plan, then converting those contributions to a Roth IRA. This can allow for much larger annual contributions to a Roth IRA, potentially up to $58,000 per year. 3. Roth 401(k) Contributions: If your employer offers a Roth 401(k) option, consider maxing out your contributions each year. While it won't directly increase your Roth IRA contributions, it can still help increase your tax-free retirement savings and potentially provide more flexibility in retirement. Supersizing your Roth can provide a powerful boost to your retirement savings, but it's important to understand the rules and limitations of each strategy. Working with a financial advisor can help ensure you are utilizing the best tools and strategies for your specific retirement goals. With the right plan in place, you can feel confident in your retirement readiness and enjoy a financially secure future. https://inflationprotection.org/enlarge-your-roth-ira-with-ubs-trending/?feed_id=90329&_unique_id=6443f0365bbf0 #Inflation #Retirement #GoldIRA #Wealth #Investing #UBS #RothIRA #UBS

"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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