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

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...

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 Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance #Annuity #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...

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