Timothy Sumer

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...

Learn more about Self-Directed IRAs: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial, its management, salespersons or IRA Financial's in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Cl...

Backdoor Roth IRA & Mega Backdoor Roth: The Secret Strategy to Unlock Tax-Free Wealth We are going to take a look at the backdoor Roth IRA and the mega backdoor Roth strategies that will help you legally get around the income limits that prevent you from owning a Roth IRA. Some people might use different terms to describe these strategies but your final result will be the same. These backdoors are not any type of special account or anything like that. High earners like to use this strategy because they want to have the tax-free growth of a Roth account. ------------------------------------------------------------------------------ ❣️ Need more information? Contact us. #backdoorroth 00:00 - Why use a backdoor Roth IRA or mega backdoor Roth 00:35 - Future of the backdoor Roth 01:08 - Backdoor Roth IRA strategy 01:50 - Ways to backdoor into a Roth 03:08 - Mega backdoor Roth 03:50 - What are after-tax contributions 05:05 - Mega backdoor requirements 05:30 -St...

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, talks about the Build Back Better Act, which was passed by the House on Friday, has provisions related to retirement plans, specifically, IRAs. Adam will discuss strategies involving the Roth and whether or not you should consider a Roth conversion. Learn more about Roth conversions: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not...

The Mega Backdoor Roth 401(k) is very much available in 2023. In fact, you can still perform a Backdoor Roth for the 2022 taxable year. -- Learn more about the Mega Backdoor Roth 401(k): -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial, its management, sa...

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 th...

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...

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, will discuss the final days of the Backdoor Roth IRA. As a result of the Build Back Better Act, you will no longer be able to perform a Backdoor Roth IRA, assuming the bill is passed by the Senate. Starting in 2022, you will no longer be able to make after-tax contributions to an IRA, and then convert them to a Roth. For many, you only have a few weeks left to maximize your Roth savings. Learn more about the Backdoor Roth: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial...

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 Microsoft 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth. This is a powerful benefit within your Microsoft 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. 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. Microsoft will match 50% of your 401(k) contributions. You can earn up to an additional $11,250 in free money from Microsoft. Key moments in video: 00:00 Introduction 00:25 2023 401k Contribution Limits 00:56 What is the Microsoft Mega Backdoor Roth? 01:26 Mega Backdoor Roth example 02:37 Tax benefits of the Mega Backdoor Roth 02:59 Tax benefits associated with a Roth ****** LIKE this video? HIT the like button! SUBSCRIBE to our channel to view more videos created for hig...

The Mega Back Door Roth 401(k) can help maximize your retirement savings. Unfortunately, more people don't know about it, so learn more and educate yourself. Learn more about the Solo 401(k) plan and how it can help you: Learn more about the Self-Directed IRA and how it works: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REV...

Learn all about the Mega Backdoor Roth option if you are self-employed and how you can supersize your Roth savings, all in about a minute. -- Read more about the Mega Backdoor Roth: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its ...

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. **** SUBSCRIBE to our channel to view more videos created for Meta employees FIND Angela Sorensen, CFP®, ECA, MBA on LinkedIn: FREE RESOURCES for Meta 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 Meta. There is no guarantee that the information we have provided is accurate. Meta employees are encouraged to contact their employ...

IRA Financial's Adam Bergman discusses the Mega Backdoor Roth 401(k) and how it supersizes your tax-free (Roth) retirement income. By making after-tax contributions to a 401(k), you can move those funds into an IRA and convert them to a Roth. -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. Learn More: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA ht...

The video describes an incredible wealth building action - the Mega Back Door Roth Contribution. Like, Subscribe and Stay In Touch Visit OUR WEBSITE 💻 www.DrivenWM.com -------------- JOIN THE DWM NEWSLETTER! ✍️ -------------- FOLLOW DWM ON INSTAGRAM 📷 -------------- ABOUT ME 👇 Hi, my name is Rick Vazza, and I’m a Chartered Financial Analyst, CERTIFIED FINANCIAL PLANNER™, and President of Driven Wealth Management where I develop business and personal financial plans and help clients achieve their goals. I've been fortunate to work with and learn from my amazing clients. Unfortunately, our industry has long neglected helping people that can't yet afford our one on one services. "Can't afford a planner? Well, go figure it out on your own..." remains the standard industry answer. That needed to change. And that is why I built this channel. To provide quality education to help empower you to take control of y...

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In this video, I will show you the right order to invest into tax-advantaged retirement accounts including 401K, Roth IRA and HSA and how you can contribute to them using the Backdoor Roth and Mega Backdoor Roth conversion trick even if you're over the income limit. By following what I'm about to teach you, you can save up to $66K a year and retire early as a millionaire. 0:00 Start Here 2:09 Step 1: Pre-tax 401K w/ Employer Match 3:08 Step 2: HSA (Heath Savings Account) 5:39 Step 3: Rest of Pre-tax 401K 7:43 Step 4: Backdoor Roth IRA 10:42 Step 5: Mega Backdoor Roth 401K 15:09 Final Thoughts ***RECOMMENDATIONS*** Compounding interest calculator: Roth IRA early withdraw criteria: What Video to Watch Next? Mint & Personal Capital Comparison: Save $350+ a year on Energy by using OmhConnect: How to Maximize Chase Points by Redeeming a Hyatt Hotel: _________ ***DISCLAIMER*** This content for my video is for education and entertainment purposes only. Yo...