Timothy Sumer

Here are 3 reasons why you should consider contributing to a non-deductible IRA. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of futur...

Contribute to Non-Deductible IRA or Post-Tax Brokerage? (Allen) In the past, while working, I typically made too much salary to contribute to a Roth IRA, or get a deduction for a regular IRA contribution. Therefore, I made annual contributions to a non-deductible IRA, and I have been keeping track of the basis, so that I don't pay taxes on the non-deductible contributions, when I decide to start taking withdrawals. MY QUESTION - In general, does contributing to a non-deductible IRA make sense vs. post tax contribution to a brokerage account, given that the non-basis portion of the IRA will be taxed as income, when I take a distribution, vs. only paying long term capital gains on any money invested in a brokerage account? Seems like my income tax rate will be lower than capital gains rate, when I start withdrawing money from the IRA, but who knows where tax rates will be, in 15 years!!!!! I understand that our friends in DC are looking to increase capital gains rates to eq...

소득제한 규정 때문에 Roth IRA를 할 수 없는 사람들도 트레디셔널 IRA를 컨버전하는 방법으로 이용할 수 있습니다. 흔히 Backdoor Roth라고 부르는 방법인데 백프로 합법적 방법입니다. 컨버전을 하면서 세금을 내니까 정부 입장에서 보면 세금을 빨리 걷을 수 있으니까요. 그렇다고 누구에게나 컨버전이 적합하다, 얘기하긴 힘듭니다. 여러가지 지켜야 할 사항들도 있고 또 세금 부담을 어떻게 처리하느냐는 문제도 있기 때문입니다. 그래서 톡톡에서 이런 점들에 대해 살펴 봤습니다. BGM: Submarine by Dyalla Opening Video by Kelly Lacy from Pexels... ( 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 Write an article about Backdoor Roth IRA in English https://inflationprotection.org/rewrite-this-title-backdoor-roth-ira/?feed_id=103916&_unique_id=647afbdf3dca0 #Inflation #Retirement #GoldIRA #Wealth #Investing #AggregationRule #backdoorroth #megabackdoorconversion #nondeductibleira #Rollover #roth5yearrule #rothconversion #SIMPLEIRA2yearrule #Steptransaction #trusteetotrusteetransfer #BackdoorRothIRA #AggregationRule #backdoorroth #megabackdoorconv...

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, will discuss the final days of the Backdoor Roth IRA. As a result of the Build Back Better Act, you will no longer be able to perform a Backdoor Roth IRA, assuming the bill is passed by the Senate. Starting in 2022, you will no longer be able to make after-tax contributions to an IRA, and then convert them to a Roth. For many, you only have a few weeks left to maximize your Roth savings. Learn more about the Backdoor Roth: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial...

Check out our new blog In this video, I'm talking about the non deductible IRA and the traditional IRA. Keeping track of your deductible and non deductible traditional IRA contributions can help you save time and money in taxes. The Pro Rata Rule pulls in the deductible contributions from the traditional IRA when you convert. It's important to keep track of those contributions to avoid having issues with the Pro Rata Rule. I'm also talking about Roth IRA conversions or simply Roth conversions, backdoor Roth IRA, the pro-rata rule for non deductible contributions and the traditional IRA. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning pro...

Income too high? Then you're probably not allowed to contribute to a Roth IRA. Likewise, a traditional IRA contribution may not be tax-deductible. To get around that (legally) you may do a Backdoor Roth by first contributing after-tax dollars to an IRA, then Roth converting. But beware the pro-rata rule… Read more at IRS 2021 limitations: This information has been provided for educational purposes only and should not be considered financial advice. In addition, information may not be accurate at the time you read this. Please seek out a licensed professional for current advice specific to your situation.... ( 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 https://inflationprotection.org/cant-deduct-your-ira-contribution-contribute-after-tax-backdoor-roth/?feed_id=47972&_unique_id=6393304c40617 #Inflation #Retirement #GoldIRA #We...