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NVIDIA Introduces New 401(k) Plan and Mega Backdoor Roth Contribution Option for 2023

In 2023, you may be able to contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Nvidia 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth. This is a powerful benefit within your Nvidia 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. ******. Questions for Saloni Gupta, CFP® SCHEDULE TIME ON HER CALENDAR: CONNECT on LinkedIn: ******. 00:00 Introduction 00:16 2023 NVIDIA 401(k) Contribution Limits 00:41 3 Reasons Why You Should Contribute to Your 401(k) 01:41 NVIDIA Mega Backdoor Roth 02:14 Mega Backdoor Roth Example 03:03 Mega Backdoor Roth Tax Benefits ****** Control your taxable income in retirement. The Mega Backdoor Roth is a way for high-income earners to utilize the benefits of a Roth. Within a Roth your money grows tax-free. These same dollars and the interest earned can be tax-free when accessed in retirement (59.5+ years old). Having additiona

Is the US Stock Market's Upward Trend Correlated with Inflation Reduction? (Weekly Analysis)

Back with a new video! During the last 1 week, Nasdaq hit a 2023 high, Google went on a parabolic run, Twitter appointed a new CEO, inflation showed further signs of cooling. The only thing that didn't change much - S&P500 continued to trade in a tight range. So where is the market headed from here? Are all the technology stocks going to rally till the end of the year? Let’s discuss them in this video. Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades 0:00 - Intro 0:30 – Market Recap 2:04 – Market Outlook 3:37 – SPY Technical Analysis (i.e. S&P500 - Broader Market) 6:21 – Apple Technical Analysis 8:47 – Tesla Technical Analysis 12:32 – Google Technical Analysis 14:44 – Option Trades 17:37 – End Thoughts Receive FREE shares by Welbull! Here’s my referral link - Moomoo Mother Day’s promo ($50 Fund Cash Coupon for your mum): If you like my content, and would like to support the channel, you may consider buyi