Timothy Sumer

The Rich TAX LoopHole, the Backdoor Roth IRA! Yes, this is a method used by the wealthy who cannot qualify for a regular Roth IRA. This method allows you to save hundreds of thousands of dollars on taxes, and its relatively simple. All you have to do is create both an IRA and a Roth IRA account, preferably at the same financial institution. then you fund your IRA, and transfer those funds to a Roth IRA. The key is that you make INDIRECT contributions to your Roth IRA, rather than DIRECT contributions! AWESOME! BUT! there are some key notes you have to look out for. In this video I cover what these accounts are and how you can take advantage of them in order to save on your tax obligations! SEEKING ALPHA LINK (59% OFF!!) with a 7-DAY FREE TRIAL CHAPTERS: 0:00 Introduction 0:20 Roth IRA 0:38 Traditional IRA 1:00 The benefits of Roth IRA & Examples 3:05 The PROBLEM with Roth IRA 3:33 Backdoor Roth IRA - the method 4:08 HOW to convert your funds from Traditional IRA to ...

The worst part about dividend investing is paying taxes on your dividend income. Nobody likes taxes, and although it's something we don't want to have to deal with, unfortunately there's no way around it. However, when it comes to dividend taxes, there are ways you can avoid paying them, which we'll be talking about in this video. I'll be explaining how dividend income is taxed, and will share a couple of ways you can avoid paying taxes on your dividends. 📩 SIGN UP FOR MY FREE INVESTING NEWSLETTER ► 📊 GET MY FREE DIVIDEND PORTFOLIO SPREADSHEET HERE ► 💬 JOIN THE DRIP N' SIP DISCORD GROUP, A FREE COMMUNITY FOR DIVIDEND INVESTORS ► 📈 TRY SEEKING ALPHA PREMIUM FOR FREE (7-DAY TRIAL) ► ⏰ CHAPTERS ⏰ 0:00​​ - Intro 0:58 - How Qualified Dividends Are Taxed 4:11 - How Ordinary Dividends Are Taxed 5:40 - Another Way To Avoid Dividend Taxes 6:40 - Inside My Roth IRA The ideas and opinions presented in this...