In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, provides an update on the Backdoor Roth IRA strategy. One of the major retirement-related provisions of the Build Back Better Act, was the elimination of the popular Backdoor Roth strategy. However, the bill has been stalled in the Senate thanks to Senator Manchin, the Democrat from West Virginia who has stated he will not vote yes on the bill as-is. What does this mean for President Biden’s signature legislation and how will it affect retirement savers? Tune in as Adam explains everything you need to know!
Learn more about the Backdoor Roth:
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.
IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.
IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.
Learn More:
#BackdoorRoth #RothConversion #RothIRA #IRA #SelfDirectedIRA #BackdoorRothIRA #MegaBackdoorRothIRA #Solo401k #401k #Retirement #RetirementPlanning #Taxes #TaxPlanning #RothConversion #BuildBackBetterAct #Roth #AfterTaxIRA #NondeductibleIRA #AdamLive #SenatorManchin…(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
If bill doesn't pass in 2021 (which seems likely now). Can you do a backdoor Roth in 2022 if you do the backdoor Roth before the bill passes sometime in 2022? For example, you do backdoor Roth in January 2022 and bill passes in March 2022, will the bill be retroactive against backdoor Roth?
This video will not play normally. It stops, stumbles and pauses every few seconds or so. Can you upload it again? Thanks!