使用Player FM应用程序离线!
How Do I Get More Tax-Free Money?
Manage episode 366163614 series 2891513
Who wouldn’t want extra cash in their pocket without having to pay taxes to the IRS? In today’s episode, Scott dives into the topic of getting more tax-free gains and shares valuable strategies for growing your wealth without paying hefty taxes. From contributing to a Roth 401(k) or SEP Roth to utilizing the backdoor Roth IRA process, Scott provides insights to help you make the most of tax-free gains.
Here's what we’ll discuss in this episode:
- The current economy + Scott’s takeaways from the article “Why Should I Hold Stocks?” (1:52)
- A few ways to get money into a Roth for more tax-free gains. (10:13)
- The backdoor Roth IRA process + the Pro-Rata rule. (12:21)
- You might be able to make after-tax contributions to your 401(k). (14:45)
- Are Roth conversions right for you? (15:44)
- Selling your primary house for tax-free gains. (17:48)
- Getting tax-free money for medical expenses by contributing to a high deductible health savings account. (18:48)
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: office@sierensfinancialgroup.com
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
MarketWatch Article: https://theirrelevantinvestor.com/2023/06/02/why-should-i-hold-stocks/
149集单集
Manage episode 366163614 series 2891513
Who wouldn’t want extra cash in their pocket without having to pay taxes to the IRS? In today’s episode, Scott dives into the topic of getting more tax-free gains and shares valuable strategies for growing your wealth without paying hefty taxes. From contributing to a Roth 401(k) or SEP Roth to utilizing the backdoor Roth IRA process, Scott provides insights to help you make the most of tax-free gains.
Here's what we’ll discuss in this episode:
- The current economy + Scott’s takeaways from the article “Why Should I Hold Stocks?” (1:52)
- A few ways to get money into a Roth for more tax-free gains. (10:13)
- The backdoor Roth IRA process + the Pro-Rata rule. (12:21)
- You might be able to make after-tax contributions to your 401(k). (14:45)
- Are Roth conversions right for you? (15:44)
- Selling your primary house for tax-free gains. (17:48)
- Getting tax-free money for medical expenses by contributing to a high deductible health savings account. (18:48)
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: office@sierensfinancialgroup.com
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
MarketWatch Article: https://theirrelevantinvestor.com/2023/06/02/why-should-i-hold-stocks/
149集单集
所有剧集
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。