Timothy Sumer

#rothconversion #backdoorroth #rothconversionladder #schoolofpersonalfinance #personalfinance #financialeducation #financialplanning #financialfreedom In this video I explain exactly what a Roth IRA conversion is, when it makes sense to convert, how to convert and when you should not convert. I also explain what a Roth IRA conversion ladder is and why so many financial independent, retire early followers are using this strategy. Also in this video, I explain what a backdoor Roth IRA contribution is and how to go about doing it. Subscribe Here: Share this video with a friend: Check out School of Personal Finance blog: ★ CONNECT WITH RICH ON SOCIAL★ ▸Twitter: ▸Instagram: ▸Facebook: ▸Linked In: Thanks, Rich McCormack, CFP® School of Personal Finance School of Personal Finance is an Investment Advisor registered with the State(s) of New York. All views, expressions, and opinions included in this communication are subject to change. This communication is not i

Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for. In this video I break down 15 of the worst IRA mistakes I've seen as a CPA. Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize your retirement investing. Other Videos Mentioned: - Traditional vs. Roth IRAs: - How to Open Up a Backdoor Roth IRA With Vanguard: - The Allec Family Vlog: Programs (Use Coupon Code YOUTUBE for 50% Off!): 🎓 Prosper: Free Downloads: 💸 75 Ways to Save an Extra $100 This Month: 🤑 15 Referral Programs That Make Me Over $20,000 a Month: Table of Contents: 0:00 Roth IRA Warnings 1:37 #1 Not Exploring Other Investment Options 5:00 #2 Contributing to a Roth IRA Without Earned Income 6:33 #3 Contributing to a Roth IRA With Too Much Income 8:38 #4