Timothy Sumer

Here's another quick tip from Andrew Rosen, President of Diversified, LLC. There’s still time to make backdoor Roth contributions this year. For more quick tips: Visit our website for more information: ... ( 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 Quick tip! There’s still time to make backdoor Roth contributions this year. If you haven't made your Roth IRA contributions for this year, don't worry! There is still time to take advantage of a backdoor Roth contribution before the year ends. Let's dive into what this means and how you can benefit from it. Firstly, let's understand what a backdoor Roth contribution is. A Roth IRA is an individual retirement account that allows you to contribute after-tax dollars, meaning that you won't be taxed on the withdrawals in retirement. However, there are income limits

The Roth IRA is one of the most important retirement accounts you can have. In this guide, we'll teach you everything you need to know about Roth IRAs, from how to open one to which investments to choose. If you're interested in investing for your future, then you need to learn about Roth IRAs. In this guide, we'll teach you everything you need to know about this important retirement account . We'll cover everything from how to open a Roth IRA to which investments to choose. So be sure to check out this guide to learn everything you need to know about Roth IRAs! -Check out our new course, Index Fund Pro: -Instagram: -TikTOK: ================== FREE GUIDES: Check out the free guide on where to put your money in what order! Here is the free How to Ask for A Raise ebook! ================== USEFUL RESOURCES: The Year-End Money Checklist The 75-Day Money Challenge Finally, Get That Raise Best Personal Finance Books: ==================

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

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

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

YouTube Shorts High income earners cannot do Roth IRA, so back door Roth IRA presents a good opportunity to save for retirement. The opinion in the video is for education and basic understanding, please contact your financial advisor or do further research before investing. This is not a financial advise. Subscribe: Investing is 4 every1 Also visit my blog page: Financehealthbyme.wordpress.com Please like, comment and share. Facebook group: Financehealthbyme... ( 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 back door Roth IRA is a strategy to contribute to a Roth IRA, even if your income exceeds the IRS limits. Here's how it works: First, you contribute to a traditional IRA. Then, you convert that traditional IRA into a Roth IRA. This conversion is called a back door Roth conversion. The key is that there are no income limits for

In this video we go over ROTH IRA accounts, as well as Back Door Roth IRAs, Mega Back Door Roth IRAs, and Roth 401ks. Hopefully this answers your questions about this amazing investment account that can let you retire AND pay ZERO taxes when investing in it! Thanks for watching! Disclaimers: This video is intended for a broad audience and should not be considered financial advice. I am not a financial advisor and I encourage everyone to work with a professional to help reach their desired financial goals. Do not buy, sell, or apply for financial products (including but not limited to credit cards, loans, etc.) based on the contents of this video or any other content you see made by me. I am not a professional and this video is a combination of my research and opinions. The content may be incorrect, inaccurate, contain errors, subject to interpretation, situational, or not hold up in the long term. Please remember there are risks to investing, including losing all the mo

Chances are if you could get one over on the IRS, you would take full advantage. I am all about paying the taxes that I owe, but I don’t want to pay more than I have to, if I can legally pay less - I will. 👮 Today on The Wealth Board™ 👨‍🏫 I am going to share information on the Backdoor Roth IRA. If you don’t know about the Roth IRA, it is one of the best tools for building wealth. It allows you to accumulate tax free money. You can only put a certain amount into a Roth IRA each year. As of 2020 if you are under the age of 50 you can contribute $6,000 (add $1,000 if you are over 50). If you are single and make less than $124,000 (adjusted gross) you can contribute. The IRS starts to phase out on a scale as your income increases. If your income exceeds the limits set by the IRS you can contribute to a Traditional IRA with a pre-tax deduction. If you want to take advantage of the Backdoor Roth IRA, you would invest into a Traditional IRA and then convert this to a R

END OF BACKDOOR ROTH? (HOUSE PROPOSES CHANGES TO IRA, 401K) | House Democrats just unveiled a plan that might spell the end of the backdoor Roth IRA and mega backdoor roth strategy. This video explains the 3 most important changes that might affect you and your IRA/401k contributions. Text of the bill: #backdoorRoth If you need help positioning your retirement portfolio given the proposed IRA & 401k changes, schedule a free discovery call today at: ! Get free monthly financial tips by subscribing to our newsletter at Skip Ahead Here! 0:00 End of Backdoor Roth? 0:32 #1 Change: Prohibit contributions to IRA for certain taxpayers 1:05 #2 Change: New Required Minimum Distributions for IRA & 401k 1:41 #3 Change: End of Backdoor & Mega Backdoor Roth? ***RECOMMENDED READING LIST*** The One-Page Financial Plan by Carl Richards (easy read, holistic + fun graphics!) Simple, Smart Investing by Ian Kennedy (can help you construct your investment portfolio) A Rando

In this video, we'll walkthrough a step by step tutorial on how to setup a backdoor Roth IRA account with Charles Schwab, how to contribute to backdoor Roth IRA account through a traditional IRA account by converting traditional IRA to Roth IRA, and introduce you to Form 8606. Buy Meet Bryant a coffee ☕️ How to buy and sell options on Tastyworks mobile app 2021 - step by step tutorial How to sell put options and close to take profit | Options Trading 101 Why you should sell put options | Warren Buffett Style Option delta vs option premium | Option Greeks 101 How to buy and sell Stock Options Charles Schwab Mobile App How to trade options on thinkorswim mobile app - TD Ameritrade trading platform How to view Option Greeks on Charles Schwab Mobile App | How to trade options 101 Time code: 0:00 - Intro 00:23 - How to open Traditional IRA & Roth IRA accounts 02:27 - How to contribute to backdoor Roth IRA (Convert traditional IRA to Roth IRA) 04:24 -

You may have heard of a Roth IRA, but you may have been disappointed to learn that they have certain limits, especially when it comes to your income. If you make more than a certain amount the IRS limits how much you can contribute to a Roth IRA. But, believe or not, there are ways around some of these limits. How? Use the back door! If you want to know what that means, watch this video until the end. I'll show you that you can put money into a Roth IRA no matter how much money you make through a method called a "backdoor Roth IRA", also known as a Roth IRA conversion. I'll walk you through the process step by step and answer any questions you might have. Hi, I'm Kim, and to start, let's define a Roth IRA. A Roth IRA is like a traditional individual retirement account , but you put money into it that has already been taxed. This means that you don't get a tax break right away as you do with a traditional IRA. The best thing about a Roth IRA is

What do you do if you over contributed to a traditional IRA? If you made an excess contribution to an IRA, I go over some options that you have. Excess contributions are taxed at 6% per year for each year the excess amounts remain in the IRA. In case this ever happens to you, or someone you know, there are some very good options, including a backdoor Roth IRA conversion. So it’s really not something to worry too much about. Later in the video, I demonstrate how the backdoor Roth IRA conversion is reported on the tax form 8606. 💜 Show Your Support: Fuel Our Channel with a Cup of Coffee! ☕️ 📘 FREE EBOOK FOR ENTREPRENEURS! 📖 Transform Your Accounting - Learn Modernization Concepts in My Book Today! 👪 JOIN OUR FACEBOOK GROUP AND GET YOUR TAX QUESTIONS ANSWERED! 🔔 Subscribe for more videos just like this: Welcome to my Ask An Accountant YouTube Channel! My name is Noel Lorenzana, and I'm an Illinois licensed, Registered CPA. While I am an accountant, I'm

Have you ever considered a backdoor Roth IRA? It's a great way to save for retirement without having to worry about high taxes or a big up-front investment. In this video, I'll explain what a backdoor Roth IRA is, how it works, and the advantages and disadvantages of using it. I'll also provide you with tips and strategies for maximizing your savings and growing your retirement nest egg with a backdoor Roth IRA. Finally, I'll show you the process on how to open a backdoor Roth IRA. You can also use the pro rata rule to convert your Traditional IRA into a Roth IRA without paying taxes on the conversion. This technique will allow you to take advantage of the tax-free growth of your Roth IRA account while keeping all your investment options open. So don't miss this chance to unlock the power of a backdoor Roth IRA to grow your wealth! 📲 FOLLOW ME ON SOCIALS: Instagram: I am not a Financial Advisor, my videos are not financial advice. All investment comme

Retirement investing, bad debt, backdoor Roth IRAs, bonds, and starting a business. If you’re just beginning your personal finance journey, this can all seem a bit complicated. Where do you invest first? What should you do with extra cash? And how do you know a financial fiduciary is genuinely looking out for your best interest? Don’t worry; you don’t need all the answers. Just tune in, and listen to what financial expert Amanda Wolfe and Certified Financial Planner Kyle Mast have to say. It’s been a few months since we spoke to our go-to money experts. But we’ve been receiving a ton of finance FAQs in our Facebook group. So, we rounded up some of the best and got Amanda and Kyle’s take live on this episode. First, we’ll go over when to pay off bad debt when starting a business and what a “no money down” business really means. Then, Amanda and Kyle give their strong stances on if bond investing makes sense for the average FIRE-chaser. You’ll also hear the OPTIMAL way to se

On Your Money, Your Wealth® podcast #314 with Joe Anderson, CFP® and Big Al Clopine, CPA: Are you eligible to make a backdoor Roth IRA conversion? Is it allowed? Is it taxed? How does a Roth 401(k) different from a Roth IRA? Can you buy a family member’s condo for below market value then rent it back to them? Can you max out a family member's Roth each year? Can you file 2020 taxes even though you haven't received IRS form 1098 yet? How can you diversify your portfolio into more international investments? How do capital gains "ride on top" of ordinary income again? And finally, a correction regarding Social Security deeming rules. Access the transcript and financial resources, ask your money questions: 00:00 - Intro 01:00 - Can I Do a Backdoor Roth Conversion? (Nick, Huntington Beach, CA) 09:11 - Is a Backdoor Roth Conversion Taxed? (René) 12:56 - We Make too Much to Contribute to Roth. Are Backdoor and Mega Backdoor Roth Strategies Allowed? (Jane, Michiga