Timothy Sumer

"Is it worth contributing to a Roth IRA after 50?" One of the advantages of a Roth is that you can contribute at any age. You can determine the amount you need for retirement and then calculate how much you need to contribute based on the age at which you want to retire. Then you can start contributing. Another amazing thing about the Roth is your ability to make back-door contributions. 📌Save it for later 💯 📌Like, share and comment 👇 👉 Follow @christianiecarty for more Insightful Content 👉 Follow @christianiecarty for more Insightful Content . . . . Hashtags:- #taxadvisor #taxtips #taxplanning #wealthplanning #taxconsultant #financialadvisor #financialplanning #taxes #financialfreedom #financialeducation #incometax #rothira #financialfreedom #retirementplan #wealthbuilding #Iracontributions #retirementplanning #contentcreator #reels... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA T

My name is Alex and I'm a CPA here to help you make money! In this video I explain the mechanics of a Backdoor Roth Conversion. I explore why someone would want to do a Roth contribution, and steps you can take to avoid being taxed on the conversion if you have existing tax-deferred IRAs. #taxtips #personalfinance... ( 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 Backdoor Roth Contributions Explained By A CPA For individuals looking to maximize their retirement savings, a Backdoor Roth contribution could be an effective strategy. This method allows high-income earners, who are typically excluded from contributing directly to a Roth IRA, to bypass this limitation and take advantage of the tax benefits associated with it. To get a better understanding of this strategy, let's dive into the details. To begin with, it's important to und

Shival lays out the backdoor Roth IRA conversion strategy in 3 simple steps. #shorts #personalfinance #rothira #savemoney #taxsaving... ( 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 Investing in a Roth IRA is a great way to save for retirement, but those who earn a high income may not be eligible for a traditional Roth IRA contribution. Fortunately, there is a way around this issue through a backdoor Roth IRA. A backdoor Roth IRA involves converting a traditional IRA to a Roth IRA, which can be done regardless of income level. This method allows you to take advantage of the tax-free growth and withdrawals that a Roth IRA offers. Here are some steps to take when setting up a backdoor Roth IRA: 1. Open a Traditional IRA account – Start by opening a traditional IRA account if you don’t already have one. There are no income limits on contributing

Tax Day, April 18, is right around the corner! If you still haven't filed your taxes, you have time to lower your income for the 2022 taxable year - that is, if you haven't maxed out your IRA yet. You may contribute up to $6,000, plus an additional $1,000 if you are at least age 50. Contribution can be made in an after-tax Roth account, however, you won't receive an upfront tax break for last year. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the contribution rules for the IRA, and other tips to make the most out of your IRA account for the 2022 taxable year. Join us LIVE on Wednesday, April 12th at 12:00PM EDT! -- Learn more about the Self-Directed IRA: -- 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)

Year End Tax tips for RMD, 401(k), gift giving, donations Tips on Required Minimum Distribution (RMD) Funding Retirement accounts 401(k), 403(b), SEP, Simple Plans Tips on self employment Keogh Plan Loss Harvesting on capital gains Tips on Gift Giving by December 31, 2019 Tips on Donations and Donation Receipt Finally, a photo of cute puppies if the Tax tips were too boring. _________________________________________________ Katie St. Ores CFP®, ChFC®, EA, LTC • 97 Hours of Continuing Education each year to maintain Professional designations • CFP® - Certified Financial Planner • ChFC® - Chartered Financial Consultant • EA - Enrolled Agent - Empowered by the U.S. Dept of the Treasury • Licensed Tax Consultant –Licensed by the State of Oregon • Registered Investment Adviser- Oregon Div. of Financial Regulation • Tax Accountant - Markusen & Schwing CPA's • Certified Investment Management Analyst program -Wharton - University of Pennsylvania • Certified Mergers &a