The Roth IRA is literally one of the best vehicles to use to build tax-free wealth in America.

But sadly most people think that they cannot use the Roth because of their income level, or because of the contribution limits.

Little do they know that these rules only exist for people who go into a Roth through the front door.

But if you’re willing to step around to the back and come in through the backdoor, you will learn that these limits are a complete myth.

There are people who make millions of dollars and contribute tens of thousands to their Roth every single year.

And they do it legally through 2 very popular tax strategies: The Backdoor Roth, and The Mega Backdoor Roth.

So look if you want to build a fortune of wealth and pay ZERO taxes on it later, then you will want to watch this episode until the very end.

Roth Misconceptions: (0:00)
How A Roth Works: (1:30)
Standard Roth Limitations: (3:15)
The Backdoor Roth: (3:47)
The MEGA Backdoor Roth: (7:20)

Apply to Work With a CPA:
Learn the tax game: …(read more)

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CONVERT IRA TO SILVER: Silver IRA Account

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Are you looking for a way to supercharge your retirement savings and potentially make millions of dollars tax-free? Look no further than the MEGA Backdoor Roth strategy.

The MEGA Backdoor Roth is a little-known but incredibly powerful savings technique that allows high-income earners to contribute significantly more money to their Roth IRA or Roth 401(k) accounts than the usual contribution limits allow. By taking advantage of this strategy, you can potentially build a tax-free nest egg that will provide you with financial security in retirement.

So how does the MEGA Backdoor Roth work?

First, it’s important to understand the regular contribution limits for Roth IRAs and Roth 401(k)s. In 2021, individuals under the age of 50 can contribute up to $6,000 to a Roth IRA and up to $19,500 to a Roth 401(k). However, high-income earners aren’t eligible to contribute to a Roth IRA due to income limits, and the contribution limits for Roth 401(k)s may not be enough to fully fund a comfortable retirement.

That’s where the MEGA Backdoor Roth comes in. This strategy involves making after-tax contributions to a traditional 401(k) or similar retirement account, then converting those contributions to a Roth IRA. Unlike regular Roth IRA contributions, there are no income limits on after-tax contributions to a traditional 401(k), allowing high-income earners to contribute a substantial amount of money to their retirement savings.

But what really sets the MEGA Backdoor Roth apart is its ability to grow tax-free. Unlike traditional retirement accounts, which are taxed upon withdrawal, Roth IRAs and Roth 401(k)s allow your contributions to grow tax-free, meaning you won’t owe any taxes on your investment gains when you withdraw the money in retirement.

By taking advantage of the MEGA Backdoor Roth strategy, you can potentially build a tax-free retirement nest egg that will provide you with financial security in retirement. With diligent saving and strategic investing, you could potentially make millions of dollars tax-free over the course of your career.

Of course, it’s important to consult with a financial advisor or tax professional before implementing the MEGA Backdoor Roth strategy to ensure that it’s the right approach for your financial situation. But for high-income earners looking to supercharge their retirement savings and potentially make tax-free millions, the MEGA Backdoor Roth is a powerful tool that shouldn’t be overlooked.