Skip to main content

315th Edition: Mega Backdoor IRA Strategy - Depositing $66,000 per Year into Your 401K. If You Haven't Tried It, Now's the Time to Learn How! Who Can Participate? What Are the Restrictions?


Mega Backdoor IRA来啦！什么是Mega Backdoor，怎么运作？有什么限制？和普通Backdoor操作有什么区别？ 关于Backdoor IRA 的相关视频： ***************************************************************************************************** 大家好！欢迎通过如下链接加入会员“谈钱也谈情”(Money & Life)：会员福利包括会员专属视频、频道更新等等。谢谢大家的支持和鼓励！ 如果您想“和我一起来谈钱”，欢迎写电邮到 AskWei@chattymoney.com 来信请在标题注明“访谈”。正文内容请大致介绍您在哪方面有心得体会/经验教训/投资机会/理财历程，或其它一切跟钱有关系的有趣有料的话题。嘉宾不限纽约，我们可以远程face-time/电话会议等等。谢谢！ 如果您想帮我把频道做的更好，欢迎点击如下链接打赏/One time Donation - Thank you! ...(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 315th issue of the magazine is all about the Mega Backdoor IRA. For those who haven't heard of it, this strategy allows individuals to contribute up to $66,000 a year into their 401k plan. If you haven't used this technique before, keep reading. First of all, who can use this strategy? Anyone who has a 401k plan that allows after-tax contributions can use the Mega Backdoor IRA. However, not all plans offer this option, so it's important to check with your employer to see if it's available. Next, how does it work? The Mega Backdoor IRA allows individuals to make after-tax contributions to their 401k plan up to the annual limit of $58,000 ($64,500 if over age 50), and then convert those contributions to a Roth IRA. This allows participants to take advantage of the tax-free growth and withdrawals that a Roth IRA offers. Lastly, what are the limitations? One thing to note is that this strategy is only available to high-income earners, as they can afford to make the large after-tax contributions required. Additionally, some employers may limit the amount of after-tax contributions that can be made to a 401k plan. Overall, the Mega Backdoor IRA can be a powerful tool for high-income earners looking to save for retirement. However, it's important to understand the limitations and check with your employer to see if this strategy is available to you. https://inflationprotection.org/315th-edition-mega-backdoor-ira-strategy-depositing-66000-per-year-into-your-401k-if-you-havent-tried-it-nows-the-time-to-learn-how-who-can-participate-what-are-the-restrictions/?feed_id=97301&_unique_id=6460087d56459 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #Aftertax #AGI #asset #backdoorIRA #beforetax #Finance #FinancialPlanning #growtaxfree #investment #ira #IRAconsolidation #IRAconversion #IRAtransfer #IRS #MAGI #megabackdoorira #MegaBackdoorRoth #ordinaryincome #paytoplay #personalfinance #pesonalfinance #pretax #Retirement #retirementaccount #RothIRA #stockmarket #taxdeduction #投资 #理财 #股市 #财务规划 #资产 #BackdoorRothIRA #401k #Aftertax #AGI #asset #backdoorIRA #beforetax #Finance #FinancialPlanning #growtaxfree #investment #ira #IRAconsolidation #IRAconversion #IRAtransfer #IRS #MAGI #megabackdoorira #MegaBackdoorRoth #ordinaryincome #paytoplay #personalfinance #pesonalfinance #pretax #Retirement #retirementaccount #RothIRA #stockmarket #taxdeduction #投资 #理财 #股市 #财务规划 #资产
Labels:

Comments

Post a Comment

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 ...
Post a Comment
Read more

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...
Post a Comment
Read more