Timothy Sumer

In this video, you will learn how pre-retirees in Rockford can use a backdoor Roth IRA. We will also cover what is a backdoor Roth IRA and how do you benefit from one? 🛠 Resources 🛠 💻 How to increase your retirement income & avoid running out of money in retirement by making ONE simple change to your finances: 🗓 Schedule a call: ▶️ Related Video: Is LIRP a good investment? 🔗 Website: I’m going to be going over a few things: What a Roth IRA is What makes a Roth IRA attractive to many people What a backdoor Roth IRA is, and who would benefit from one If there are other tax-exempt assets that might work even better What is a Roth IRA? Many are familiar with a traditional IRA or a 401K, a retirement arrangement with the government where you’re allowed to put money away on a pre-tax basis. Before any taxes, you can trim that money off the top of your income. So let’s say you make $100,000 a year, and you p...