Timothy Sumer

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

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

On Your Money, Your Wealth® podcast #297 with Joe Anderson, CFP® and Big Al Clopine, CPA: What is the MEGA backdoor Roth IRA conversion and should you do one? How do you create retirement income for the gap between retiring at 66 and taking Social Security at 70 and RMDs at 72? Joe and Big Al also answer a question on the taxation of an overseas inheritance, and they discuss your comments. Access the episode transcript and financial resources and send in your money questions to be answered on the YMYW podcast: 00:53 - Roth Conversion or Retirement Income in Gap Years? 07:01 - Mega Backdoor Roth IRA Conversion 17:42 - Mega Backdoor Roth IRA Conversion 24:46 - Taxation on Overseas Inheritance? 30:47 - Comment: FIRE YMYW TV Episode 32:20 - Comment: Don't Call it the Backdoor Roth Show Schedule a free assessment with any one of our CFP® professionals, either online or at one of our financial planning offices in San Diego, Brea, Irvine, and Woodland Hills, California: Sub

**UPDATED FOR 2021: Microsoft Mega Backdoor Roth Conversion** In this video we walk through the 2019 MICROSOFT MEGA BACKDOOR ROTH CONVERSION benefit, also known as the Microsoft 401(k) After-Tax Roth Conversion Benefit. 👏 To access our website about MICROSOFT EMPLOYEE BENEFITS or learn more about the Microsoft Mega Backdoor Roth option, please visit Website: Email: lars@avieradvisors.com Direct: 425-531-7329 Address: 10655 NE 4th St. Suite 508, Bellevue, WA 98004 The Microsoft Mega Backdoor Roth Conversion is one of the most amazing benefits available within the Microsoft 401k plan . The Microsoft Mega Backdoor Roth Conversion is officially known as the Microsoft 401(k) After-Tax Roth Conversion Benefit. 0:41 Why most people don’t know about the Microsoft Mega Backdoor Roth Conversion 1:00 General info about the Microsoft employee benefit plan, including insurance, stock grants, Microsoft deferred compensation plan for Microsoft level 67 employee and above, and the Mi

In this video we walk through the INTEL MEGA BACKDOOR ROTH CONVERSION benefit, also known as the Intel 401(k) After-Tax Roth Conversion Benefit. 👏 Please subscribe to our channel for more updates and information about the Intel 401(k), your Intel benefits, and the Intel Mega Backdoor Roth Conversion benefit. Website: Email: alex.krider@avieradvisors.com Direct: 503-347-8218 #Intel #Backdoor #Roth The Intel Mega Backdoor Roth Conversion is one of the most amazing benefits that will be available within the Intel 401k plan starting in January 2020. The Intel Mega Backdoor Roth Conversion is officially known as the Intel 401(k) After-Tax Roth Conversion Benefit. In this video you will learn: 0:31 What is the Intel Mega Backdoor Roth Conversion? 1:05 How the Intel 401k plan works in terms of contributions and matching 2:34 Why using the Intel Mega Backdoor Roth Conversion can be important from a tax perspective 3:30 How to learn how to leverage the Intel Mega Backdoor Roth

In this video we walk through the JLL MEGA BACKDOOR ROTH CONVERSION benefit, also known as the JLL 401(k) After-Tax Roth Conversion Benefit. To learn more about how to maximize your employer benefits, visit our website or reach out to Lars Phillips. Lars Phillips, CFA, CFP® - Lead Advisor (425) 531-7329 lars@avieradvisors.com This video is for illustrative purposes only. Individual situations may vary. Please consult your tax advisor to determine if the scenarios discussed in this video are right for you. Investment Advisory services offered through Avier Wealth Advisors. Avier is not affiliated with Jones Lang LaSalle (JLL). ... ( 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 https://inflationprotection.org/jll-401k-mega-backdoor-roth-conversion/?feed_id=37556&_unique_id=636b21c61a038 #Inflation #Retirement #GoldIRA #Wealth #Investi