Are you a high income taxpayer and want to know how to save money into a tax free account even when you are not eligible to make direct Roth contributions? Introducing the backdoor Roth IRA. If you are looking for a Fiduciary advisor to help you with this and other investment and financial planning goals and concerns, Total Wealth Planning is worth a call. ... ( read more )
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As the cost of living continues to rise, it is important for individuals to plan for their future. One way to do this is through an IRA, or Individual retirement account . One specific type of IRA that is gaining popularity is the Backdoor Roth IRA. This account allows individuals to contribute after-tax dollars to a traditional IRA and then convert those funds to a Roth IRA. So, why is this beneficial? The biggest advantage of a Roth I
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 :)