Timothy Sumer

We know that tax-deferred growth accounts such as a Roth IRA is one of the best investment vehicles we can use. But let's say that you have the great problem of making more than $138,000/year (filing Single) – Well, you can't contribute into one anymore! Thankfully, we can use something called a Backdoor Roth. Nic explains how high-income earners can still reap the benefits of tax-free dollars in retirement. Host: Nic Daniels BFA™, Financial Advisor The Real Money Pros ————————————————————— SPONSORS: Academy Mortgage Lively (HSAs and FSAs) Tree City Advisors of Apollon ————————————————————— Chapters: 00:00 - Intro 00:30 - Why contribute to IRAs? 01:28 - How a Backdoor Roth Conversion works 07:12 - Outro... ( 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 Using a BACKDOOR ROTH for Tax-Deferred Growth Many individuals are familiar

Roth IRA确实有不少好处。但我们是否能把钱投放进去Roth IRA里面，是会受到一些收入限制的。如果个人收入超过14万，或夫妻收入超过20万8的话，那就完全不能投放Roth IRA了。这样看起来，像是IRS要把这个Roth IRA的好处留给普通收入的人群和家庭啊。 但美国税法在这方面奇怪的是， 虽然他们会约束高收入的人直接投放Roth IRA，但是他们并没有约束这些人投放传统IRA，然后把他们的传统IRA装换，convert成为Roth IRA。也就是说呢，在程序和文件上面多走一两步，最后还是可以达到投放满额Roth IRA的。所以这种办法就被称为Backdoor Roth IRA。也就是说，就算收入超了前面提到的限度，还是可以通过走后门的办法投放满额的Roth IRA。 那这个Backdoor Roth IRA的操作其实很简单，用三个步骤就可搞定： 第一步：就是要确认自己已经有一个传统IRA账户和一个Roth IRA账户。 如果没有的话，我们可以在银行或证券公司这些地方把账户开了。 第二步：就是把钱投放在传统IRA账户里面。这一点，相信对于已经有IRA的朋友并不陌生，也就是把钱从一个银行账户，像checking或者是saving，转进去传统IRA 账户里面。 第三步：就是把传统IRA里面的钱，到账以后，立即转到Roth IRA账户里面。而这一步呢，大部分时候就好像从一个银行账户转到另一个账户那么简单，尤其是在网上操作的话。而这里强调这个钱到账以后要立即转放的原因呢就是为了避免投放的钱产生收益，然后产生要交的税。... ( 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 Backdoor Roth IRA: What is it and How to Easily Invest in 3 Steps Roth IRA is a popular retirement savings account that allows ind

Roth IRA确实有不少好处。但我们是否能把钱投放进去Roth IRA里面，是会受到一些收入限制的。如果个人收入超过14万，或夫妻收入超过20万8的话，那就完全不能投放Roth IRA了。这样看起来，像是IRS要把这个Roth IRA的好处留给普通收入的人群和家庭啊。 但美国税法在这方面奇怪的是， 虽然他们会约束高收入的人直接投放Roth IRA，但是他们并没有约束这些人投放传统IRA，然后把他们的传统IRA装换，convert成为Roth IRA。也就是说呢，在程序和文件上面多走一两步，最后还是可以达到投放满额Roth IRA的。所以这种办法就被称为Backdoor Roth IRA。也就是说，就算收入超了前面提到的限度，还是可以通过走后门的办法投放满额的Roth IRA。 那这个Backdoor Roth IRA的操作其实很简单，用三个步骤就可搞定： 第一步：就是要确认自己已经有一个传统IRA账户和一个Roth IRA账户。 如果没有的话，我们可以在银行或证券公司这些地方把账户开了。 第二步：就是把钱投放在传统IRA账户里面。这一点，相信对于已经有IRA的朋友并不陌生，也就是把钱从一个银行账户，像checking或者是saving，转进去传统IRA 账户里面。 第三步：就是把传统IRA里面的钱，到账以后，立即转到Roth IRA账户里面。而这一步呢，大部分时候就好像从一个银行账户转到另一个账户那么简单，尤其是在网上操作的话。而这里强调这个钱到账以后要立即转放的原因呢就是为了避免投放的钱产生收益，然后产生要交的税。... ( 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 Backdoor Roth IRA: What is it and How to Easily Invest in 3 Steps Roth IRA is a popular retirement savings account that allows ind

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 ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 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

Nic explains how a Mega Backdoor Roth works, who most benefits from this strategy, and how it’s a great way to grow your retirement money tax-free. Host: Nic Daniels BFA™, Financial Advisor The Real Money Pros ————————————————————— SPONSORS: Academy Mortgage Lively (HSAs and FSAs) Tree City Advisors of Apollon —————————————————————... ( 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 can help you earn more tax-deferred dollars. This is a great tool to use if you are looking to maximize your retirement savings, especially if your income exceeds the contribution limits for a traditional or ROTH IRA. Here’s what you need to know about using the MEGA Backdoor ROTH to grow your nest egg. First, it’s important to understand the basics of the ROTH IRA. This retirement savings account a

收入太高，就不能直接存入Roth IRA了，但是你仍然有办法间接存入Roth IRA，就是用走后门策略。看了本期视频你就知道怎么样操作了，也还可以了解到如果传统IRA里既有税前又有税前资金时，要怎么补税。 做backdoor Roth IRA, 之后怎么报税呢？8606表是什么？看了本期视频，就知道了！ Roth IRA 终身免税，别浪费它的好处哦！... ( 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 retirement planning requires diligence and strategy, especially when it comes to saving for your future income. One such strategy that has gained popularity in recent years is the backdoor Roth IRA. This strategy is particularly useful for high-income earners who wish to save for their retirement but are not eligible for a Roth IRA because of income limits. To understand the backdoor Roth IRA strategy, we must first understand what a Roth IRA is. A Roth IRA is an Individual retirement account that allows you to save for retirement with after-tax dollars. This means that you pay taxes on the money you contribute upfront

-Video Upload powered by ... ( 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 For many investors, a Roth IRA is an ideal investment vehicle to save for retirement. However, for those who earn too much to qualify for a traditional Roth IRA, a backdoor Roth IRA might be an attractive option. Backdoor Roth IRA contributions have gained popularity over the years since its establishment by Congress with the passage of the Tax Increase Prevention and Reconciliation Act of 2005. Let's delve into what a backdoor Roth IRA is and its benefits, and how you can use it to save for your retirement. First, a bit of background. Roth IRA contributions are made with after-tax dollars. Earnings and withdrawals are typically tax-free, provided certain requirements are met, such as being at least 59 1/2 years old and the account being open for at least five years.

A MEGA backdoor Roth? YES! You heard that right. Investors can contribute more than $60,000 per year with this game-changing strategy. Super Charge your Roth accounts. For more info make sure to check out DirectedIRA.com The Directed IRA Webinar series is an educational resource provided by Directed IRA & Directed Trust Company Directed IRA has helped thousands of self-directed investors and has processed over half a billion in self-directed transactions. It is the highest-rated self-directed IRA custodian based on verified google reviews and takes pride in providing knowledgeable and helpful service to its customers. Self-directed accounts can be fully opened within 5 minutes using Directed’s online e-sign application. The Self-Directed IRA Summit is an annual educational event (1 ½ days) providing live self-directed IRA education and networking and is hosted by Directed IRA. You can buy the recording of prior years at Mat Sorensen’s book, The Self-Directed IRA H

Roth IRAs can be established and funded for high-income earners by using what is known as the “back door” Roth IRA contribution method. Many high-income earners believe that they can’t contribute to a Roth IRA because they make too much money and/or because they participate in a company 401k plan . Fortunately, this thinking is wrong. While direct contributions to a Roth IRA are limited to taxpayers with income in excess of $140,000 ($218,000 for married taxpayers, 2023), those whose income exceeds these amounts may make annual contributions to a non-deductible traditional IRA and then convert those amounts over to a Roth IRA. ---- Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding a Real Estate IRA or a Self-Directed IRA. ---- 🔊 Found this video helpful? Click the Like button & share with others. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. Don't forget

2023快乐！新年第一支视频来讲投资 -- 美国退休金大扫盲，新的一年，大家可以根据上限把自己的养老金比例调整好。希望这个视频能讲清楚这几个问题： 1. 为啥会有个人退休金账户401k 2. 一张图，几句话概括traditional，Roth，401k，IRA -- 401k，IRA，pretax，aftertax是什么。 3. 一张表概括怎么取，怎么交税 4. 如何投钱，可以投多少钱 -- mega backdoor，backdoor怎么做 5. 如何选择？pretax or aftertax? 401k or IRA? 6. 选错了怎么办？rollover怎么操作... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/%e7%be%8e%e5%9b%bd%e9%80%80%e4%bc%91%e9%87%91%e5%a4%a7%e6%89%ab%e7%9b%b2%ef%bd%9c401k%ef%bc%8cira%ef%bc%8cpretax%ef%bc%8caftertax%e6%98%af%e4%bb%80%e4%b9%88%ef%bd%9cmega-backdoor%ef%bc%8cbackdoor/?feed_id=62182&_unique_id=63c9cea019e88 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401kvsira #401k怎么选 #Aftertax #backdoor #ira #MegaBackdoor #pension #pretax #retirementplan #ROTH #traditional401k #养老金 #退休金 #RothIRA #401k #401kvsira #401k怎么选 #Aftertax #backdoor

Rich Hilow, an independent Financial Advisor registered with LPL Financial and a Dave Ramsey endorsed SmartVestor Pro explains what 'backdoor IRAs' are.... ( 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/backdoor-roth-iras/?feed_id=52578&_unique_id=63a4e5b62d5ee #Inflation #Retirement #GoldIRA #Wealth #Investing #backdoor #contributions #Finances #financialadvising #financialadvisor #financialplanner #FinancialPlanning #ira #money #RothIRA #wealth #wealthadvising #wealthadvisor #BackdoorRothIRA #backdoor #contributions #Finances #financialadvising #financialadvisor #financialplanner #FinancialPlanning #ira #money #RothIRA #wealth #wealthadvising #wealthadvisor

Making a Roth contribution isn’t off the table for high earners above the income phase out limits. In this video I walk you through the steps to make a backdoor Roth contribution. This process can be repeated on an annual basis to continuously contribute to your Roth IRA. Feel free to visit my website to contact me directly with additional questions. The information discussed in this video is only general explanations and education. It is not meant to be specific tax, legal or investment advice. Before considering to act on anything you heard here you should consult with your tax, legal, or investment advisor.... ( 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/making-a-backdoor-roth-ira-contribution/?feed_id=47587&_unique_id=6391a5b831f8c #Inflation #Retirement #GoldIRA #Wealth #Investing #backdoor