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

"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

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 Gold is a

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