Video Tutorial: Backdoor Roth IRA, Episode 022 (39.6)

Join our Facebook Group: 39.6 Community 39point6 Episode 22 - Backdoor Roth Tutorial - and why do it if high income? *note - i wasn't clear on this part: if you're income is too high to put into Roth IRA directly, your income is also too high to take a deduction on your traditional IRA contribution; thus it must go in "non-deductible." (sorry for the lighting issues!)...(read more)

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In the latest episode of the 39.6 podcast, the hosts dive into the world of Backdoor Roth IRA, a strategy that allows high-income earners to contribute to a Roth IRA even if they exceed the income limits. The hosts start by explaining the difference between a traditional IRA and a Roth IRA, with the former offering tax benefits in the year you make contributions, while the latter offering tax-free withdrawals in retirement. However, the Roth IRA has income limits, meaning that if your income exceeds a certain threshold, you may not be able to contribute to one. This is where the Backdoor Roth IRA comes into play. The Backdoor Roth IRA involves making a non-deductible contribution to a traditional IRA and then converting it to a Roth IRA. This allows high-income earners to circumvent the income limits on Roth IRA contributions. The hosts then go through a step-by-step tutorial on how to set up a Backdoor Roth IRA, starting with opening a traditional IRA account, making a non-deductible contribution, and then converting it to a Roth IRA. They also cover important considerations, such as the pro-rata rule, which can complicate the conversion process if you already have funds in a traditional IRA. Overall, the Backdoor Roth IRA is a valuable strategy for high-income earners looking to take advantage of the tax benefits of a Roth IRA. The hosts provide clear and concise instructions on how to set it up and navigate potential pitfalls, making this episode a must-listen for anyone looking to optimize their retirement savings strategy. https://inflationprotection.org/video-tutorial-backdoor-roth-ira-episode-022-39-6/?feed_id=94235&_unique_id=6453b6cb08d0c #Inflation #Retirement #GoldIRA #Wealth #Investing #39.6 #39point6 #401A #401k #403b #457b #backdoorroth #backdoorrothira #cashbalancepension #CBP #DBP #definedbenefitplan #eqrp #facebooklive #governmental457b #investing #ira #pension #personalfinance #QRP #ROTH401k #roth403b #roth457b #RothIRA #Rothvspretax #rothvstraditional #SelfDirected #selfdirectedira #traditional401k #traditional403b #traditional457b #traditionalIRA #video #BackdoorRothIRA #39.6 #39point6 #401A #401k #403b #457b #backdoorroth #backdoorrothira #cashbalancepension #CBP #DBP #definedbenefitplan #eqrp #facebooklive #governmental457b #investing #ira #pension #personalfinance #QRP #ROTH401k #roth403b #roth457b #RothIRA #Rothvspretax #rothvstraditional #SelfDirected #selfdirectedira #traditional401k #traditional403b #traditional457b #traditionalIRA #video

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

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...

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