Roth IRA Conversion EXPLAINED (Roth Conversion Strategies for tax free growth)
69.7 هزار بار بازدید -
4 سال پیش
-
Roth IRA Conversion explained (
Roth IRA Conversion explained ( Roth Conversion Strategies for tax free growth). WHY SHOULD YOU DO A ROTH CONVERSION? {Hey, I recently started a Financial Vlog - would like to invite you to follow along if interested: Escape the Rat Race & Automate (Finan... - Kyle} Roth Conversions can come in a few forms - converting 401k to Roth 401k, converting Traditional IRA to Roth IRA, or a 401k to Roth IRA...regardless of where you have your pre-tax funds now (Traditional IRA or 401k), this video will educate you on Roth Conversion strategies, Roth Conversion rules, WHY you should do a Roth Conversion, WHAT is a Roth Conversion, WHEN to do a Roth Conversion, HOW MUCH you should convert, Roth Conversion taxes you'll have to pay...and we discuss the most important detail that people skip when trying to educate you about the Backdoor Roth IRA...The Aggregate Rule. Additionally, we go over a few 2021 roth conversion strategies and I discuss the roth conversion ladder strategy where I suggest to only convert enough pre-tax funds until you hit the next tax bracket - as opposed to the Roth Conversion Ladder Strategy where a few other people suggest converting $50,000 / year to build out your 'ladder' of distributions starting 5 years later.
Check out my other video where I explain the Backdoor Roth IRA & the Aggregate Rule (Pro Rata Rule): Backdoor Roth IRA EXPLAINED (how to d...
—————
Call if you WANT TO ASK ME A QUESTION...
➡️ https://bit.ly/KSchollCoaching
—————
MY WEBSITE
👨💻 https://www.kscholl.com
—————
Support the channel - random referral links:
➡️ BLENDERS SUNGLASSES: Get $20 off your order of $50 or more: http://rwrd.io/dhqkw4a
➡️ Nice & affordable WATCH STRAPS from StrapsCo: https://strapsco.com/?ref=161
➡️ My MAGNETIC COLLAR STAYS on Amazon: https://amzn.to/3q70ZPE
➡️ Hey! I'm using SoFi INVEST 📊 to buy and sell stocks (and pieces of stocks) with ZERO fees. Open an Active Investing account with $100 or more and you'll get $25 in stock. Use my link: https://www.sofi.com/invite/invest?gc...
➡️ STUDENT LOAN REFINANCE WITH SoFi: https://www.sofi.com/invite/student-l...
➡️ 50% OFF QuickBooks Online Subscription for first 6 months: https://refer.quickbooks.ca/s/kylescholl
—————
➡️ Share this video with a friend: Roth IRA Conversion EXPLAINED (Roth C...
➡️ Subscribe for more videos: @financial_awareness
—————
OTHER VIDEOS YOU MAY LIKE
Tax Rates: Marginal vs Effective Tax Rates: Effective Tax Rate vs Marginal Tax Ra...
Tax Bracket Management: Tax Bracket Management // How to Mana...
401(k) - Roth 401k vs Pre-Tax 401k: Roth 401k vs 401k // Roth 401k Explained
—————
0:00 - Intro
0:57 - WHY do a Roth Conversion
1:46 - Less TAX in Retirement
3:49 - WHAT is a Roth Conversion
4:35 - WHEN to do a Roth Conversion
6:22 - HOW much should you convert
7:58 - Pro Rata Rule / Aggregate Rule
ABOUT ME 👇
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.
My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#BackdoorRothIRA
#RothConversions
#FinancialPlanning
DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
Check out my other video where I explain the Backdoor Roth IRA & the Aggregate Rule (Pro Rata Rule): Backdoor Roth IRA EXPLAINED (how to d...
—————
Call if you WANT TO ASK ME A QUESTION...
➡️ https://bit.ly/KSchollCoaching
—————
MY WEBSITE
👨💻 https://www.kscholl.com
—————
Support the channel - random referral links:
➡️ BLENDERS SUNGLASSES: Get $20 off your order of $50 or more: http://rwrd.io/dhqkw4a
➡️ Nice & affordable WATCH STRAPS from StrapsCo: https://strapsco.com/?ref=161
➡️ My MAGNETIC COLLAR STAYS on Amazon: https://amzn.to/3q70ZPE
➡️ Hey! I'm using SoFi INVEST 📊 to buy and sell stocks (and pieces of stocks) with ZERO fees. Open an Active Investing account with $100 or more and you'll get $25 in stock. Use my link: https://www.sofi.com/invite/invest?gc...
➡️ STUDENT LOAN REFINANCE WITH SoFi: https://www.sofi.com/invite/student-l...
➡️ 50% OFF QuickBooks Online Subscription for first 6 months: https://refer.quickbooks.ca/s/kylescholl
—————
➡️ Share this video with a friend: Roth IRA Conversion EXPLAINED (Roth C...
➡️ Subscribe for more videos: @financial_awareness
—————
OTHER VIDEOS YOU MAY LIKE
Tax Rates: Marginal vs Effective Tax Rates: Effective Tax Rate vs Marginal Tax Ra...
Tax Bracket Management: Tax Bracket Management // How to Mana...
401(k) - Roth 401k vs Pre-Tax 401k: Roth 401k vs 401k // Roth 401k Explained
—————
0:00 - Intro
0:57 - WHY do a Roth Conversion
1:46 - Less TAX in Retirement
3:49 - WHAT is a Roth Conversion
4:35 - WHEN to do a Roth Conversion
6:22 - HOW much should you convert
7:58 - Pro Rata Rule / Aggregate Rule
ABOUT ME 👇
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.
My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#BackdoorRothIRA
#RothConversions
#FinancialPlanning
DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
4 سال پیش
در تاریخ 1399/09/14 منتشر شده
است.
69,745
بـار بازدید شده