The MEGA Backdoor Roth: How To Make Tax-FREE Millions

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  • čas přidán 4. 07. 2024
  • 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: mycpacoach.com/contact/
    Learn the tax game: mycpacoach.com/tax-saver/

Komentáře • 6

  • @killerrush77
    @killerrush77 Před 2 měsíci +1

    15 videos in on the mega roth IRA, finally starting to get it.

  • @303Estates
    @303Estates Před 3 měsíci +1

    Great video as usual. Do you have a service where I can talk to you personally. I have watched many video's over the years, and always love the way you explain complicated subjects so easily.

    • @mycpacoach
      @mycpacoach  Před 3 měsíci

      Thank you! I do not have a 1-on-1 service atm, but you can schedule a call with one of my vetted CPAs here. mycpacoach.com/contact/

  • @kevinlin1529
    @kevinlin1529 Před 4 měsíci

    what 401k providers do you suggest that allow for mega backdoor roth?

  • @Akbascar
    @Akbascar Před 4 měsíci

    Can this mega backdoor Roth apply to a 403b plan? If yes, I would check with my employer. Can I move funds from the 403b traditional IRA to a 403b Roth IRA or separate Roth IRA account?

  • @arulganesh3310
    @arulganesh3310 Před 3 měsíci

    Can I rollover 401k from previous employer to Roth IRA? ls there a limit ?