Timothy Sumer

... ( 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 The Mega Backdoor Roth Strategy Explained - How to Get Around Roth Income Limits Roth IRAs are popular retirement vehicles due to their potential for tax-free growth and withdrawals. However, not everyone is able to contribute directly to a Roth IRA due to income limits set by the IRS. If you find yourself in this situation, don't despair! There's a strategy called the "Mega Backdoor Roth" that can help you circumvent these limitations and take advantage of the benefits of Roth IRAs. To understand the Mega Backdoor Roth strategy, it's important to have a basic understanding of the traditional backdoor Roth IRA. The backdoor Roth IRA involves making a non-deductible contribution to a Traditional IRA and then converting it to a Roth IRA. This strategy allows high-income indi

Harvard Law Attorney George Blower leads an in-depth discussion of how to contribute up to $58,000 for 2021 to your Solo 401k and then convert it to a Roth IRA at Vanguard. LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe to our channel for weekly educational webinars: For over 10 years, My Solo 401k Financial is the l

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 Maximizing Your Roth IRA: The Mega Backdoor Roth Method The Roth IRA is a powerful tool for retirement savings, allowing individuals to enjoy tax-free growth and withdrawals in retirement. While there are income limits and contribution limits on traditional Roth IRAs, there is a little-known strategy known as the Mega Backdoor Roth Method that can help high-income earners save even more for their retirement. What is the Mega Backdo

Mega Backdoor Roth IRA for high income earners - Nabil Bilo Bouab... ( 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 The Mega Backdoor Roth is a retirement savings strategy that many individuals may not be familiar with, but it can prove to be a powerful tool for boosting tax-free income in retirement. One person who has extensively studied and implemented this strategy is Nabil Bilo Bouab. Nabil Bilo Bouab is a financial advisor and retirement planning expert who has helped countless individuals achieve their retirement goals. He has dedicated a significant amount of time and effort to researching and understanding the Mega Backdoor Roth and has successfully implemented this strategy for himself and his clients. His expertise on the subject has made him a trusted resource in the field of retirement planning . But what exactly is the Mega Backd

In this video we go over ROTH IRA accounts, as well as Back Door Roth IRAs, Mega Back Door Roth IRAs, and Roth 401ks. Hopefully this answers your questions about this amazing investment account that can let you retire AND pay ZERO taxes when investing in it! Thanks for watching! Disclaimers: This video is intended for a broad audience and should not be considered financial advice. I am not a financial advisor and I encourage everyone to work with a professional to help reach their desired financial goals. Do not buy, sell, or apply for financial products (including but not limited to credit cards, loans, etc.) based on the contents of this video or any other content you see made by me. I am not a professional and this video is a combination of my research and opinions. The content may be incorrect, inaccurate, contain errors, subject to interpretation, situational, or not hold up in the long term. Please remember there are risks to investing, including losing all the mo

END OF BACKDOOR ROTH? (HOUSE PROPOSES CHANGES TO IRA, 401K) | House Democrats just unveiled a plan that might spell the end of the backdoor Roth IRA and mega backdoor roth strategy. This video explains the 3 most important changes that might affect you and your IRA/401k contributions. Text of the bill: #backdoorRoth If you need help positioning your retirement portfolio given the proposed IRA & 401k changes, schedule a free discovery call today at: ! Get free monthly financial tips by subscribing to our newsletter at Skip Ahead Here! 0:00 End of Backdoor Roth? 0:32 #1 Change: Prohibit contributions to IRA for certain taxpayers 1:05 #2 Change: New Required Minimum Distributions for IRA & 401k 1:41 #3 Change: End of Backdoor & Mega Backdoor Roth? ***RECOMMENDED READING LIST*** The One-Page Financial Plan by Carl Richards (easy read, holistic + fun graphics!) Simple, Smart Investing by Ian Kennedy (can help you construct your investment portfolio) A Rando

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

Mega Backdoor IRA来啦！什么是Mega Backdoor，怎么运作？有什么限制？和普通Backdoor操作有什么区别？ 关于Backdoor IRA 的相关视频： ***************************************************************************************************** 大家好！欢迎通过如下链接加入会员“谈钱也谈情”(Money & Life)：会员福利包括会员专属视频、频道更新等等。谢谢大家的支持和鼓励！ 如果您想“和我一起来谈钱”，欢迎写电邮到 AskWei@chattymoney.com 来信请在标题注明“访谈”。正文内容请大致介绍您在哪方面有心得体会/经验教训/投资机会/理财历程，或其它一切跟钱有关系的有趣有料的话题。嘉宾不限纽约，我们可以远程face-time/电话会议等等。谢谢！ 如果您想帮我把频道做的更好，欢迎点击如下链接打赏/One time Donation - Thank you! ... ( 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 The 315th issue of the magazine is all about the Mega Backdoor IRA. For those who haven't heard of it, this strategy allows individuals to contribute up to $66,000 a year into their 401k plan . If you haven't used this technique before, keep reading. First of all, who can use this strategy? Anyone who has a 401k plan that a

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

Crypto Roth IRA – How to save $61k per year in a Crypto Mega Backdoor Roth IRA Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: https-mysolo401k-net-mycommunity-forums-discussion-cryptocurrency/ The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe to our channel for weekly educational webinars: Fo

Can I make Mega Backdoor Roth Solo 401k contributions if I max out my 401k at my day job? Book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investmen

Harvard Law Attorney George Blower provides an in-depth review of the mechanics of a Mega Backdoor Roth Solo 401k for a self-employed business taxed as an S-corporation. We will review: -Contribution Limits, Deadlines & How to Report -Contribution Scenarios -Convert to Roth Solo 401k vs Roth IRA -Many other topics LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020. -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe

There is a proposal going through congress that could end the Mega Backdoor Roth IRA as we know it. It's slated to target high income earners but I think it may extend to all retirement plan savers. There are several proposals that are limiting retirement savings and forcing certain earns to pay more in taxes on their retirement savings. ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. L

Roth IRA Basics and Strategies You MUST Know - Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: Are you looking for a tax-free growth and withdrawal retirement savings plan? Then look no further than the Roth IRA. In this comprehensive guide, we'll cover everything you need to know about Roth IRAs, from the basics of what they are and how they work to more complex topics like Roth conversions including The Backdoor Roth IRA and The Mega Backdoor Roth IRA. If you're new to Roth IRAs or just need a refresher, we've broken down the video into chapters so you can easily skip ahead to the topics that interest you the most. We cover the basics of Roth IRAs, including what they are, how they work, and the benefits of opening one. One of the biggest benefits of a Roth IRA is tax-free growth and tax-free withdrawals in retirement. We'll also discuss the differences between Roth IRAs and traditional IRAs, and how to decide which on

Can I make 100% After-Tax Solo 401k Contributions (Mega Backdoor Roth)? Book a call: Our owners host daily webinars on our community where you can ask questions! Please join My Community to participate & ask questions: Please join My Community to ask questions: Free to Join! All are Welcome! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Accou

If you are a married household that makes about $200k, or about $140k for single filers, doing something called a "Mega backdoor roth conversion" is a great way to get more into your Roth savings. How to qualify for a Mega Backdoor Roth First, you have to participate in a 401k plan at work. That plan must allow something special called after-tax contributions, which are contributions in excess of the $19,500 annual limit (for 2021). If your plan allows this, you may be able to do mega backdoor roth conversion, which involves making these after-tax contributions and then converting them to a Roth 401k or Roth IRA while paying no additional taxes. What to Know About Mega Backdoor Roths There are a couple caveats though. First, this is a lot of money. You can contribute up to about $30,000 this year in after-tax contributions. But you need to calculate the amount to ensure you don’t over contribute, and ensure you take the right steps because this is a multi-step