Timothy Sumer

Do you have a Roth 401K and Roth IRA? Which one is better? Which one should you prioritize? What about 403b and TSP? Let's dive right into it! 🤳 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 - Bec...

Do you have a Roth 401K and Roth IRA? Which one is better? Which one should you prioritize? What about 403b and TSP? Let's dive right into it! 🤳 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 - Bec...

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...