In this video, you will learn how pre-retirees in Rockford can use a backdoor Roth IRA. We will also cover what is a backdoor Roth IRA and how do you benefit from one? 🛠 Resources 🛠 💻 How to increase your retirement income & avoid running out of money in retirement by making ONE simple change to your finances: 🗓 Schedule a call: ▶️ Related Video: Is LIRP a good investment? 🔗 Website: I’m going to be going over a few things: What a Roth IRA is What makes a Roth IRA attractive to many people What a backdoor Roth IRA is, and who would benefit from one If there are other tax-exempt assets that might work even better What is a Roth IRA? Many are familiar with a traditional IRA or a 401K, a retirement arrangement with the government where you’re allowed to put money away on a pre-tax basis. Before any taxes, you can trim that money off the top of your income. So let’s say you make $100,000 a year, and you put $6,000 into a traditional IRA or 401K. Instead of r
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)