Timothy Sumer

In this video, I will show you the right order to invest into tax-advantaged retirement accounts including 401K, Roth IRA and HSA and how you can contribute to them using the Backdoor Roth and Mega Backdoor Roth conversion trick even if you're over the income limit. By following what I'm about to teach you, you can save up to $66K a year and retire early as a millionaire. 0:00 Start Here 2:09 Step 1: Pre-tax 401K w/ Employer Match 3:08 Step 2: HSA (Heath Savings Account) 5:39 Step 3: Rest of Pre-tax 401K 7:43 Step 4: Backdoor Roth IRA 10:42 Step 5: Mega Backdoor Roth 401K 15:09 Final Thoughts ***RECOMMENDATIONS*** Compounding interest calculator: Roth IRA early withdraw criteria: What Video to Watch Next? Mint & Personal Capital Comparison: Save $350+ a year on Energy by using OmhConnect: How to Maximize Chase Points by Redeeming a Hyatt Hotel: _________ ***DISCLAIMER*** This content for my video is for education and entertainment purposes only. Yo

In the recent presidential debate, NY Times has reported that Trump only paid $750 in federal income taxes in 2017. So in today's video, I'm going to talk about what a Mega Backdoor Roth is (which is one of the biggest tax hack), its eligibility criteria and a detailed walk-through on how to set it up at Vanguard via its Roth In-plan Conversion. You can also deploy the same strategy with Charles Schwab or Fidelity if they are your employer retirement sponsor. I would recommend Mega Backdoor only if you have already max'ed out pre-tax 401K, HSA or Roth IRA (you can check out details in this video: 0:00 Intro 1:24 What is Mega Backdoor Roth 1:54 Difference between Pre-tax, Roth and After-tax 401K 4:52 Eligibility Criteria 6:16 How to Set Up via Vanguard (Roth in-plan conversion) ***RECOMMENDATIONS*** What Video to Watch Next? Right order to contribute to 401K, IRA, and HSA: How to Set up Backdoor Roth: Mega Backdoor Roth via In-service Distribution: ________