In this segment, we will go over the options you have when it comes to investing into a Roth IRA and some loopholes that you can take advantage of even if your income is over the threshold! Leave your comments and questions below.
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LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
The topic of the video is "backdoor Roth" so why do they keep talking about the need for earned income?
I, as a man. Never rinse and repeat.
Great Episode!! I needed that, setting up my individual and joint accounts this week.
Great video!!! Please make more expanding on this, even update older videos.
Great show. New subscriber. Quick question — if someone had traditional IRA assets before attempting her first backdoor IRA contribution, could she avoid the pro-rata provision by rolling over the IRA assets to a her existing 401K plan? If so, when would she need to do the rollover transaction — before the backdoor contribution is made, before the end of the tax year, etc?
What do I do if I put 6k in my Roth IRA but unexpectedly made more money and now over 140k year.
What do I do because the money is already in there
So is the income limit married filing jointly 199,000 limit for ROTH IRA gross or after deductions and taxes?
Can you do a backdoor Roth IRA and keep your "stock plans" such as shares you own on regular stocks you invested in?
So you seem to be the perfect person to answer this question. My wife and I are semi-retired. Just purchased a Model 3. Have small income from active participation in 10 rental properties for our cash flow. Have a lot of traditional IRAs that could be converted to Roth IRA to generate income to take advantage of the $7,500 tax credit. Could also sell some property for long term capital gain income. What is the best way to maximize tax credit for the Model 3?
P.S. As a fellow southerner, I like your request for a "friendly horn" on your Tesla. Our Chevy Volt has that on the turn signal stick as a pedestrian warning and I use it all the time like you want to in your Model 3.
Hi, I love this channel! Keep up the great work! I have a question, I’m 26 years old, I have a traditional 457 with work with about 32k in it so far. I also have a separate Roth IRA with about 8k in it. Is it better if I switch my 457 with work to a Roth account too?
I enjoyed your discussion about Roth Ira's and Roth 401k's. One item I struggle with is the fact that a Roth 401k has RMD's at 70 1/2 where a regular Roth does not. What is the logic behind the difference? And is there any way to avoid the RMD on the Roth 401k?
Guys, ive been watching your vids now more regularly but I have another question for ya. Have you guys talked about rental income with regards to being able to deposit the rental profits into a roth or an ira? If its possible or what the ground rules for doing so actually are?
Your #'s are based on what yearly rate of return? 6, 8 10 12%??
If I opened a Roth IRA last year, am I under no circumstance able to pull the 'principle' amount out within the first 5 years? Or is that just for the earnings?
Haven’t heard the answer yet, and googling didn’t clear it up for me….but Roth IRA is not Roth 401k? If not, can the contribution to Roth 401k be withdrawn penalty free prior to 59 1/2?
I see those cups! Merch store coming soon?