#10 - Mega Backdoor Roth IRA: What is a mega backdoor Roth contribution? How is it different from a standard backdoor Roth contribution? Is it Ethical and Legal? Why might someone want to do one?
The Fiscal Physical Podcast03/05/24 • 15 min
Unlock the full potential of your retirement savings with a deep dive into the mega backdoor Roth IRA, a strategy that's as mighty as it is mysterious. Together with Ryan Nelson, we explore the nuances of maximizing your 401(k) through after-tax contributions and conversions, potentially catapulting your nest egg to new heights. We demystify the contribution limits and tax implications, using practical examples to illustrate how you can take advantage of this underutilized approach—if your employer's plan permits. Prepare to arm yourself with knowledge that could redefine your financial trajectory, paving the way to a more secure retirement.
But it's not all numbers and IRS guidelines; we're slicing into the Northern Nevada culinary scene with the same zest we bring to financial planning. Ryan and I swap stories of our favorite pizza joints, from the no-frills delights of Pizza Baron to the unexpected charm of Pietro's Famiglia, where the melody of live music pairs perfectly with a mouthwatering pie. It's a reminder that variety is the spice of life—and personal finance. So, tune in, take notes, and perhaps discover your next go-to spot for pizza as we dish out hearty helpings of fiscal wisdom and local flavor.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: [email protected]
And, as always, STAY THE COURSE!
03/05/24 • 15 min
The Fiscal Physical Podcast - #10 - Mega Backdoor Roth IRA: What is a mega backdoor Roth contribution? How is it different from a standard backdoor Roth contribution? Is it Ethical and Legal? Why might someone want to do one?
Transcript
Welcome to the fiscal physical podcast . Join us each week as we sit down with the founder of Alchemy Wealth Management and author of your fiscal physical , Ryan Nelson . Tune in to gain valuable insights and practical tips as we simplify complex financial concepts into digestible lessons . From budgeting to retirement planning , this podcast is your go to resource for mastering financial l
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-fiscal-physical-podcast-304480/10-mega-backdoor-roth-ira-what-is-a-mega-backdoor-roth-contribution-ho-46150198"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to #10 - mega backdoor roth ira: what is a mega backdoor roth contribution? how is it different from a standard backdoor roth contribution? is it ethical and legal? why might someone want to do one? on goodpods" style="width: 225px" /> </a>
Copy