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 future results.... (

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