Timothy Sumer

A Roth IRA is an important component of your retirement portfolio. In this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, discuss mistakes that can be made when investing in a Roth IRA and how to avoid them. Topics discussed include spousal contributions, Roth 401k options, the 5-year rule and contribution eligibility. 0:00 Intro 1:21 Missing Roth Opportunities 5:00 Cost-Basis 6:30 5-Year Rule 7:46 Backdoor Roth IRA 10:11 Contributing When Not Eligible 13:20 Outro & Disclosures #retirement #rothira #investing For more information, please visit us online at Subscribe and listen to our podcast, Your Life Simplified Apple Podcasts - Google Play - CONNECT WITH US ON SOCIAL LinkedIn - Facebook - Twitter - Instagram - ============================================= These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing h

This Video talks about a Back-Door Roth IRA. In this video, I explain about a Back-Door Roth IRA. Be sure to subscribe for more Personal Finance Videos Email me at: info@alcsconsulting.com to book a One on One Financial Coaching session with me. Monthly Money Budget Excel Template. One on One Financial Coaching. Buy Alton Shillingford Merchandise at Subscribe to me on YouTube at About me: Hello, my name is Alton and I am a Financial Coach. On this channel, I talk about everything that deals with Personal Finance from Investing, Saving Money, managing your money, getting out of debt, Budgeting, Building Wealth, and Entrepreneurship. Email Address: info@alcsconsulting.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 Back-Door Roth IRA Explained in English If you have been researching retirement savings options, you m

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, talks about the Build Back Better Act, which was passed by the House on Friday, has provisions related to retirement plans, specifically, IRAs. Adam will discuss strategies involving the Roth and whether or not you should consider a Roth conversion. Learn more about Roth conversions: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not

///////////////////////////////////////////////// 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 STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

"YMYW Gents - Steven again from steaming hot Texas. Thank you for covering my question in today's episode! I have a different perspective to offer which might influence your spitball. In your spitball today, you guys spoke a lot about how the tax I would pay doing a Roth Conversion is equal to the tax I've already paid on the dollars I would use for a Backdoor Roth. I understand that completely, but my motivation for pondering a Backdoor Roth is not about taxes. My motivation for doing a Backdoor Roth is to introduce new dollars into my retirement portfolio to see compounding growth until I reach retirement in 20+ years rather than those dollars sitting in my savings account. I think the notion that a Roth Conversion and a Backdoor Roth are "same same" makes sense from a tax perspective, but not from a long term growth perspective. After doing a Roth Conversion, there would be no increase to my overall retirement portfolio balance like there would be af

... ( 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

The process of doing a Backdoor Roth IRA can be complicated. You also need to be aware of the pro-rata rule if you have a balance in your Traditional IRA. 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - #FIREPsyChat #FinancialIndependence #BackdoorRothIRA 🎵 Music and Sound Effe

My name is Alex and I'm a CPA here to help you make money! In this video I explain the mechanics of a Backdoor Roth Conversion. I explore why someone would want to do a Roth contribution, and steps you can take to avoid being taxed on the conversion if you have existing tax-deferred IRAs. #taxtips #personalfinance... ( 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 Contributions Explained By A CPA For individuals looking to maximize their retirement savings, a Backdoor Roth contribution could be an effective strategy. This method allows high-income earners, who are typically excluded from contributing directly to a Roth IRA, to bypass this limitation and take advantage of the tax benefits associated with it. To get a better understanding of this strategy, let's dive into the details. To begin with, it's important to und

In this video we go over how to report a Backdoor Roth IRA contribution on your tax return using the TurboTax software online. We go over the Form 8606 on the tax return to report the nondeductible traditional IRA contribution, then converting the traditional IRA to the Roth produces a Form 1099-R with a code 2 which we then report on the tax return. 800-245-0596 --------------------------- Amount of Roth IRA Contributions That You Can Make for 2022: Amount of Roth IRA Contributions That You Can Make for 2023: /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live). #turbotax #rothira #backdoor... ( read more ) LEARN MORE ABOUT: IRA Ac

You Can Watch The Whole Segment & Here 👉🏻 🔴 Get Subscribed to the Integrity Financial Channel 👉🏼 Each week🗓 Brian coaches listeners about the important financial topics of the day. Listen as Brian discusses how to help build a comprehensive retirement plan by gaining a deeper knowledge of retirement today. Let “Retire With Integrity” radio help you prepare your finances for tomorrow! Want to find a station that plays “Retire With Integrity” near you? Click this link for stations and times ► ►DST Brochure Download 👉🏼 ► Visit Us On The Web: 📞 Give Us A Call At: (540) 266-3100 ► Follow Us On Twitter:🦅 ► Like Us On Facebook: 👍🏼 ► Follow Us On Instagram: #theinbox #email #question #financialquestions #annuity #annuityinvestment #fixedrate #bank #contract #financialagreements #retirement #inflation #recessionproof #taxes #recession #401k #taxadvice #stockmarket #401kandbeyond #ira #financialplanning #podcast #videopodcast #radio #show #radioshow #sa

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

///////////////////////////////////////////////// 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 STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Roth IRA ! 🔥 Such a powerful amazing tax free retirement account 🙌Think you make too much, there’s a legal way to still set one up for you and your spouse, it’s called a Backdoor Roth I simply opened a Traditional IRA account with Fidelity , and at the same time opened a Roth IRA Every month I auto transfer 500 into the traditional IRA Then on the 4th business day after the funds are settled , I have it auto transfer to the Roth IRA, and it’s set up to auto invest those funds into my Index Funds/ ETFs It’s pretty straight forward, it’s legal, and if you dont have a Roth you are missing out on building tax free wealth for your future If you are converting funds from an existing trad Ira and have deducted those contributions, made gains on those investments , then this will create a taxable event on the conversion … but still might be well worth it , check with your cpa Subscribe 👉@loansbyjb for tips on Personal Finance, Investing and Maximizing Wealth through Re

Are you looking to maximize your retirement savings and secure your financial future? Then a Super Roth IRA could be the perfect option for you! In this video, we discuss what a Super Roth IRA is, how it works, who should consider investing in one, and the risks associated with investing in this type of account. Tune in to learn more about how over-funding life insurance can provide an excellent opportunity for tax-deferred growth while still providing adequate protection for loved ones. -*-*- USEFUL LINKS -*-*- * * * * * -*-*- S O C I A L S -*-*- * Facebook: @FitBUXFinanceGroup * Instagram: instagram.com/fitbuxofficial * LinkedIn: ... ( 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 Super Roth IRA: A Little Known Strategy For High Earners When it comes to planning for retirement, individuals with high incomes often face unique chall