Timothy Sumer

MAJOR changes may be on the horizon for individuals with high incomes and large balances in their IRAs and 401(k)s. I told you last week that Congress may be looking to crack down on the use of accounts like Roth IRAs by the wealthy, and such a proposal just hit the wire this week. There are lots of proposed changes from contribution rules to new RMDs to closing up the backdoor IRA for many investors. These are things we need to keep up with as retirement savers! Today, we will discuss: 1. What Congress is proposing 2. What these retirement plan regulations mean 3. How these regulations may impact your life and lead to more regulation in the future Begin your path to financial freedom today: Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a

Can't contribute directly to your Roth IRA? No problem! This video and article explains step-by-step how the Backdoor Roth IRA conversion strategy works . . . and when you would want to use this financial planning trick. Read our comprehensive article : CHAPTERS 0:22 : Is your income too high? 1:24 : What are your account options? 2:34 : The steps for a backdoor Roth IRA We are Financial Design Studio: Michelle, Steve, Rob, and Trevore… a team of financial advisors with a passion to help others design a path towards financial success–whatever that looks like for your life. Part of our job is to teach people about finances so that they can make educated choices with their money. If you want practical knowledge about how to work with the complex processes of taxes, insurance, planning, retirement, or investments, then subscribe! … because this channel is for you! READ HERE : WEBSITE : BLOG : FACEBOOK : Disclaimer : All written content on this site is f