Timothy Sumer

In this video we go over ROTH IRA accounts, as well as Back Door Roth IRAs, Mega Back Door Roth IRAs, and Roth 401ks. Hopefully this answers your questions about this amazing investment account that can let you retire AND pay ZERO taxes when investing in it! Thanks for watching! Disclaimers: This video is intended for a broad audience and should not be considered financial advice. I am not a financial advisor and I encourage everyone to work with a professional to help reach their desired financial goals. Do not buy, sell, or apply for financial products (including but not limited to credit cards, loans, etc.) based on the contents of this video or any other content you see made by me. I am not a professional and this video is a combination of my research and opinions. The content may be incorrect, inaccurate, contain errors, subject to interpretation, situational, or not hold up in the long term. Please remember there are risks to investing, including losing all the mo

ROTH IRA CHANGES IN 2023! Contribution limits have gone up, meaning you can have a lot more money at retirement. Like & Subscribe! TWITTER: TIKTOK: Referral Links: M1 Finance: Coinbase: Webull: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA The Roth IRA is a popular investment vehicle that allows individuals to potentially grow their retirement savings tax-free. In 2023, there are some changes that will take place regarding Roth IRAs that investors should be aware of. One major change is the increase in contribution limits. Currently, individuals can contribute up to $6,000 per year ($7,000 if over the age of 50) to a Roth IRA. Starting in 2023, these limits will increase to $6,500 per year ($8,000 if over the age of 50). Another change is that Roth IRA income limits will be adjusted for inflation. Currently, individuals who ear