In this episode of Adam Talks, IRA Financial’s Adam Bergman Esq. discusses the Backdoor Roth 401(k) and how you can contribute over $70,000 to a Roth IRA in one year!
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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.
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So you can’t convert from an employer 401k?
Can you do this solo k
If The businesses are S Corps?
When I use the after tax contributions 58k from solo 401k and convert it to after tax ira, can that be the same ira I used to backdoor my other 6k contributions into my Roth IRA? One after tax ira to act as the bridge into the Roth IRA?
I am self employed. Last year I made 2200 on the 1099 Nec. After all business deduction it show on schedule c $1000. How much do I qualify to contribute
Does a 10% penalty apply if a conversion is made from a traditional IRA to a Roth?