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Showing posts with the label highincome

Recession-Resistant HIGH Dividend INCOME Bond ETF: JPST

One of the most important questions I've been asked is what are the best investments to protect your portfolio. You see strong risk mitigation is the number one factor in a portfolios longevity and sustainability. And longevity is crucial especially for retirees who plan on living off their portfolios earnings. Now there are many ways someone can improve their portfolios ability to tolerate downside risk. for example, you have bonds, dividend stocks or ETFs, or high income investments like covered call ETFs. Overall, These investments are tools you can use to help preserve your Capital or safeguard your invested money from significant losses. But how do you choose the best ones? You see during specific economic conditions, certain investments are favoured over others. But overall, a portfolio of bonds and equities carry their own disadvantages. Especially when you look at bonds. Bonds Lack Diversity: Investing in individual bonds limits your ability to achieve ...

Should I transfer my IRA to a 401(k) for the purpose of enabling Backdoor Roth IRAs? YQA 208-3

In this video we're answering the question "Is it worthwhile to roll my IRA into a 401(k) so I can do Backdoor Roth IRAs?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advi...

Tax-Deferred Growth through the Utilization of a Backdoor Roth Strategy

We know that tax-deferred growth accounts such as a Roth IRA is one of the best investment vehicles we can use. But let's say that you have the great problem of making more than $138,000/year (filing Single) – Well, you can't contribute into one anymore! Thankfully, we can use something called a Backdoor Roth. Nic explains how high-income earners can still reap the benefits of tax-free dollars in retirement. Host: Nic Daniels BFA™, Financial Advisor The Real Money Pros ————————————————————— SPONSORS: Academy Mortgage Lively (HSAs and FSAs) Tree City Advisors of Apollon ————————————————————— Chapters: 00:00 - Intro 00:30 - Why contribute to IRAs? 01:28 - How a Backdoor Roth Conversion works 07:12 - Outro... ( 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 Using a BACKDOOR ROTH for Tax-Deferred Growth Many individuals are familiar...

Limits on Contributions to Roth IRAs

In this video, I answer the question "Let's say if a single person has a $140,000 annual income and contributes the full $18,500 into his/her 401k. Can that person still contribute to a Roth IRA?" The answer to this Roth IRA contribution limit talks about the income limits, contribution limits, Roth conversions, and Backdoor Roth IRA contributions. In the end, it's about figuring out the various ways to boost your retirement savings with Roth IRA contributions. If you have questions about financial planning, wealth management or taxes, leave your question in the comments below. 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 Book a meeting and start financial planning and investing bit.ly/SickleHunterOnline Try out our financial planning tool today. #QandAtuesday #backdoorRoth #RothIRA #401k ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on ...

How does the pro-rata rule apply to me?

In this video we're answering the question "What is the pro-rata rule and how does it apply to me?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: Facebook: Twitter...

What is the 5 Year Rule for Roth IRA and Roth 401(k) Contributions? YQA 146-1

In this video we're answering the question "What is the 5 Year Rule for Roth IRA and Roth 401(k) Contributions?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: Faceb...

How do I report a backdoor Roth IRA with a loss? YQA 184-2

In this video we're answering the question "How do I report a backdoor Roth IRA with a loss?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. Find more resources at ... ( 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 As a responsible taxpayer, it’s important to accurately report all financial transactions on your tax return. If you have a backdoor Roth IRA with a loss that needs to be reported, there are several steps you can follow to ensure that the process goes smoothly. First, it’s important to understand what a backdoor Roth IRA is. Essentially, this is a type of retirement account that allows you to contribute money on an after-tax basis...

I screwed up my backdoor Roth IRA. How do I fix it? YQA 194-4

In this video we're answering the question "I screwed up my backdoor Roth IRA. How do I fix it?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. Find more resources at ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Making a mistake with your Roth IRA can be a costly one, but luckily there are ways to fix it. A backdoor Roth IRA is a way to contribute to a Roth IRA even if you make too much money to qualify for a traditional Roth IRA. If you've made a mistake with your backdoor Roth IRA, here are some steps you can take to fix it. The first step is to understand what the mistake was. If you've made a contribution to a traditi...

Should I transfer my Roth TSP to a Roth IRA after leaving the Military? YQA 211-2

In this video we're answering the question "Should I transfer my Roth TSP to a Roth IRA after leaving the Military?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: F...

How do I calculate my basis in my IRA for IRS form 8606? YQA 205-2

In this video we're answering the question "How do I calculate my basis in my IRA for IRS form 8606??" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Facebook: Twitter: Instagram: Subr...

What happens if you break the Pro-Rata Rule when doing a Backdoor Roth IRA? YQA 153-1

In this video we're answering the question "What happens if you break the Pro-Rata Rule when doing a Backdoor Roth IRA?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice...

Should I Use My Employer's Non-Qualified Deferred Compensation Plan? YQA 127-2

In this video we're answering the question "Should I Use My Employer's Non-Qualified Deferred Compensation Plan?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: ...