Timothy Sumer

Nike employees can contribute after-tax dollars to their Nike 401(k) and convert those dollars to Roth using the Mega Backdoor Roth provision. In 2023, Nike allows you to contribute 3% of your annual salary to the Mega Backdoor Roth, up to $9,900. First, it’s important to understand the 2023 401(k) contribution limits and the Nike employer match. 2023 401(k) contribution limits: Under 50 years old: $22,500 50 or older: $30,000 The Nike employer match is 5% of your annual salary. To receive the full match, you must contribute at least 5%. ******* 00:00 Introduction 00:17 2023 Nike 401(k) Contribution Limits 00:28 Nike Employer Match 00:56 Example: Nike Mega Backdoor Roth 01:32 Tax Benefits ******* The Mega Backdoor Roth is a way for high-income earners to contribute after-tax dollars to their 401(k) over and above the 2023 contribution limits and then immediately convert the after-tax dollars to their Roth 401(k). We think this is one of the best Nike benefits availabl

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your 401(k) using the Mega Backdoor Roth provision. Employees at Microsoft, Amazon, Meta, Nike, Intel, and many other tech companies have access to this benefit. The Mega Backdoor Roth enables you to contribute thousands in after-tax dollars and convert those dollars to Roth. This benefit is sometimes referred to as the after-tax Roth conversion within your 401(k). 00:00 Introduction 00:14 Companies that offer the Mega Backdoor Roth 00:26 Mega Backdoor Roth example If you’re on track to max out your 401(k), this is a benefit worth leveraging. 401(k) contributions increased in 2023. If you’re under 50 you can contribute up to $22,500 and if you’re 50 or older you can contribute up to $30,000. The Mega Backdoor Roth allows you to contribute additional after-tax dollars up to the federal limit. The Mega Backdoor Roth gives high-income earners access to benefits associated wit

In 2023, you may be able to contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Nvidia 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth. This is a powerful benefit within your Nvidia 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. ******. Questions for Saloni Gupta, CFP® SCHEDULE TIME ON HER CALENDAR: CONNECT on LinkedIn: ******. 00:00 Introduction 00:16 2023 NVIDIA 401(k) Contribution Limits 00:41 3 Reasons Why You Should Contribute to Your 401(k) 01:41 NVIDIA Mega Backdoor Roth 02:14 Mega Backdoor Roth Example 03:03 Mega Backdoor Roth Tax Benefits ****** Control your taxable income in retirement. The Mega Backdoor Roth is a way for high-income earners to utilize the benefits of a Roth. Within a Roth your money grows tax-free. These same dollars and the interest earned can be tax-free when accessed in retirement (59.5+ years old). Having additiona

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Meta 401(k). You can fully leverage these limits by taking advantage of the Meta Mega Backdoor Roth. This is a powerful benefit within your 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. Video Highlights: 00:00 Introduction 00:17 Meta Mega Backdoor Roth 00:46 2023 Federal 401k Limits 00:59 Meta Mega Backdoor Roth Example Your 401(k) contributions also increased in 2023. If you’re under 50 you can contribute up to $22,500 and if you’re 50 or older you can contribute up to $30,000. Meta will match dollar for dollar, up to 50% of the IRS federal limit. You can earn up to an additional $11,250 in free money from Meta, if you’re under 50. If you’re 50 or older Meta will also match 50% of your catch-up contribution. This is an additional $3,750 on top of the $11,250 for a total match of $15,000. ****** LIKE this video? HIT the like

The definition of deferred compensation is exactly how it sounds: As an employee, you choose to defer compensation until a later date. This could lead to tax savings, but there are some substantial risks worth talking about.  When people mention “deferred comp,” they are typically referring to non-qualified deferred compensation plans, not qualified plans, such as 401(k)s, or 403(b)s. First, we will discuss how they work, then we will dive into the benefits, risks and considerations. With a non-qualified deferred comp plan, you’re given an opportunity once a year to opt into the deferred comp plan and elect how much money you would like to receive at a specified future date or over several specified future dates. Depending on your plan these future dates may be required to pay when you retire or when you leave the company. Often, the employee gets to choose a “distribution date” each year and select the amount of monies they intend to defer, and when they would like to re

Rob sits down to talk about the difference between saving to a 401k and IRA and how they are taxed. #shorts #savings #investing #finance #epic #stockmarket ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 🤝 GET YOUR FREE LIFE INSURANCE BANK ACCOUNT HERE! 🤝 📚DOWNLOAD A FREE COPY OF OUR BRAND NEW BOOK! 📚 💵 INSTANT ACCESS TO FREE WEALTH MANAGEMENT SOFTWARE! 💵 💯TURN YOUR ASSETS INTO HIGH-YEILD ROI! 💯 💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰 📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈 GET ACCESS TO OUR GUARANTEED INCOME GUIDE 📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES ================= Rob Gill - Instagram Facebook Twitter YouTube Channel LinkedIn: TikTok: EPIC - Instagram EPIC - Facebook “EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and spec

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Amazon 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth – a powerful provision within your Amazon 401(k). The Mega Backdoor Roth allows you to contribute after-tax dollars and convert those dollars to Roth. You can maximize your retirement savings and take advantage of the tax benefits associated with a Roth. Your regular 401(k) contribution limit also increased in 2023. If you’re under 50 you can contribute up to $22,500 and if you’re 50 or older you can contribute up to $30,000. Amazon will also match up to 2% of your base salary, which means that if you're making $325,000 and you put $22,500 into your 401(k), Amazon will contribute an extra $6,500 as a match. That's free money from Amazon! 00:00 Introduction 00:53 2023 Amazon 401(k) Contribution Limits 01:06 Amazon employer match 01:24 Amazon Mega Backdoor Roth exam

Rob talks about traditional IRAs and how it works. #shorts #savings #investing #finance #401k #ira #inflation #recession #retirement Watch and Enjoy! ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 📚GET A FREE COPY OF OUR BRAND NEW BOOK! : 🤝 GET FREE CONSULTATION HERE: 🤝 💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰 📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈 GET ACCESS TO OUR GUARANTEED INCOME GUIDE 📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES ================= Rob Gill - Instagram Facebook Twitter YouTube Channel LinkedIn: TikTok: EPIC - Instagram EPIC - Facebook “EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and specifically disclaims any liability, loss or risk incurred as a consequence, either directly or indirectly, through the use of any of the i

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Meta 401(k). 👉 You can fully leverage these limits by taking advantage of the Microsoft Mega Backdoor Roth. This is a powerful benefit within your 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. ****** SUBSCRIBE to our channel to view more videos created for Microsoft employees FIND Aaren Strand, CFP® on LinkedIn: RESOURCES for Microsoft professionals at ****** Avier Wealth Advisors 425-467-1011 10655 NE 4th Street, Suite 500 Bellevue, WA 98004 info@avieradvisors.com Website: We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families Third Party: Avier Wealth Advisors is not affiliated with Microsoft. There is no guarantee that the information we have provided is accurate. Microsoft employees are encouraged to contact their employe

Rob sits down to talk about using retirement plans to get massive tax write-offs. #shorts #savings #investing #finance #epic #stockmarket ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 🤝 GET YOUR FREE LIFE INSURANCE BANK ACCOUNT HERE! 🤝 📚DOWNLOAD A FREE COPY OF OUR BRAND NEW BOOK! 📚 💵 INSTANT ACCESS TO FREE WEALTH MANAGEMENT SOFTWARE! 💵 💯TURN YOUR ASSETS INTO HIGH-YEILD ROI! 💯 💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰 📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈 GET ACCESS TO OUR GUARANTEED INCOME GUIDE 📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES ================= Rob Gill - Instagram Facebook Twitter YouTube Channel LinkedIn: TikTok: EPIC - Instagram EPIC - Facebook “EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and specifically disclaims

Retirement Plans for Small Businesses Most people have heard of the 401k and all of its benefits. However, many people are unaware of a few alternatives that have very impressive benefits as well. Introducing SEP and SIMPLE IRAs! Alternative retirement plans for small businesses could be the key for future growth. SEP IRAs are extremely low maintenance retirement plans for small business owners, and they allow the ability to contribute substantially more than 401ks. SIMPLE IRAs, like the SEP IRA, are also not very complicated to administer and much cheaper to implement than other retirement plans. Eddy and Brian go more in depth about the similarities and differences between these two plans in the video below. If you have any questions or want to know if these plans would be a good fit for your situation just schedule a 15-minute learning session with me using the link below. #Retirement #401k #IRA... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING I

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to a 401(k) You can leverage these limits by taking advantage of the Mega Backdoor Roth – a powerful provision within your Intel 401(k). The Mega Backdoor Roth allows you to contribute after-tax dollars and convert those dollars to Roth. You can maximize your retirement savings and take advantage of the tax benefits associated with a Roth. Your regular 401(k) contributions increased in 2023: • Under 50: $22,500 • 50 or older: $30,000 ($22,500 + $7,500 catch-up contribution) Intel will match up to 5% (temporarily reduced to 2.5% on 01/01/2023) of your salary. For example, if you make $200,000, Intel will contribute $5,000 (pre-tax) to your 401(k), assuming you also contribute at least $5,000. 00:00 Introduction 00:12 2023 Intel 401k contribution limits 00:25 What is the Intel Mega Backdoor Roth ****** LIKE this video? HIT the like button! SUBSCRIBE to our channel to view mo

SIMPLE IRAs aren't always so simple. This week's Business Owner's Corner covers what you need to know before establishing one for you and your employees.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As a business owner, one of your primary concerns is likely providing your employees with a retirement plan that is both simple and affordable. One option that you may be considering is a SIMPLE IRA, or Savings Incentive Match Plan for Employees. While these types of plans can be beneficial for employers in many ways, they are not without their downsides. In this article, we'll take a closer look at the pros and cons of SIMPLE IRAs to help you make an informed decision for your business. The Good: One of the primary benefits of a SIMPLE IRA is that they are easy to set up and maintain. The requirements for participation a

Rob talks about Simple IRAs and how they work. #shorts #savings #investing #finance #retirement #401k #IRA #recession #inflation Watch and Enjoy! ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 📚GET A FREE COPY OF OUR BRAND NEW BOOK! : 🤝 GET FREE CONSULTATION HERE: 🤝 💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰 📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈 GET ACCESS TO OUR GUARANTEED INCOME GUIDE 📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES ================= Rob Gill - Instagram Facebook Twitter YouTube Channel LinkedIn: TikTok: EPIC - Instagram EPIC - Facebook “EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and specifically disclaims any liability, loss or risk incurred as a consequence, either directly or indirectly, through the use of any of the infor