Retirement Planning

DOUBLE tax loophole for Backdoor Roth IRA with Pro Rata Rule Explained [Video]

Watch/Read More

DOUBLE tax loophole for Backdoor Roth IRA with Pro Rata Rule Explained

The backdoor Roth conversion can be a little tricky. Here is a strategy to help you get more money into your Roth IRA without the extra taxes from the Pro Rata Rule. It works best for small business owners, independent contractors or those with a side hustle.

If you have a little or a lot we can help.


Company Website:
twitter: @travissickle

Sickle Hunter Financial Advisors
1646 W Snow Ave.
Suite 144
Tampa, FL 33606

Gear Used in Videos

All Amazon links are affiliate links


Retirement Planning

IMPORTANT NEWS!! Build Back Better Bill Restricts Back Door IRA and Mega Back Door Roth 401k! [Video]

IMPORTANT NEWS!! The House passed the Build Back Better Bill today and has restricted the Back Door IRA and Mega Back Door Roth 401k. They also closed out Roth Conversions for high income earners ($400K/$450k) and included the $10M cap on total retirement account balances (delayed effective dates).The self-directed restrictions in prior versions of the bill are out (big win for self-directed IRAs). The bill now moves to the Senate for consideration and vote.Directed IRA has helped thousands of self-directed investors and has processed over half a billion in self-directed transactions. It is the highest-rated self-directed IRA custodian based on verified google reviews and takes pride in providing knowledgeable and helpful service to its customers.Self-directed accounts can be fully opened within 5 minutes using Directed’s online e-sign application.​The Self-Directed IRA Summit is an annual educational event (1 ½ days) providing live self-directed IRA education and networking and is hosted by Directed IRA. You can register for the upcoming Summit or can buy the recording of prior years at​Mat Sorensen’s book, The Self-Directed IRA Handbook, is the number one book on self-directed IRAs and has sold over 30,000 copies. You can purchase the book and follow important updates at​

Retirement Planning

FINALLY! Signed by Biden! Stimulus Package Update! Social Security SSDI & SSI VA - CHECKS GOING OUT! [Video]

Yes! Social Security, SSDI, SSI, fourth Stimulus Check, Benefit Raise, $800In this video, we discussed the stimulus package, fourth stimulus check, stimulus check update, stimulus package Update and Social Security Stimulus Check, Ssdi Stimulus Check, SSI Stimulus Check as well as a Monthly Benefit Raise and the $800 we discussed in previous videos. We discuss all of that in this video as it pertains to Social Security, SSDI, SSI beneficiaries and a Fourth Stimulus CheckThis Is a stimulus Update, Stimulus Check Update, Fourth Stimulus Check Update and clarification video to help everybody out in this community better understand what is currently going on right now with a fourth stimulus check, and how it pertains to Social Security beneficiaries including Retirement, Disability, Ssdi, SSI, VA, low income and no income. This is a stimulus check update, Fourth Stimulus Check UpdatePlease make sure to subscribe and share this video with your friends, family, social media and check out any of the other videos here on the channelFINALLY! Signed by Biden! Stimulus Package Update! Social Security SSDI & SSI VA - CHECKS GOING OUT!#StimulusCheck #StimulusUpdate #StimulusPackage #FourthStimulusCheck #Stimulus #StimulusCheckUpdate #SSDI #SSI #SocialSecurity ................................................. Watch my other videos:★ Congress Wants Changes to The Retirement Systems || Retirement Changes Coming Secure || MOSTLY MONEY★ Biden Now Says He Backs More Cash Relief and Is To Ideas || Relief Payment Update || MOSTLY MONEY★These Companies Are Paying Employees to Get Vaccinated || MOSTLY MONEY✿ STAY CONNECTED:💖 Instagram :💖 Instagram : www.💖 Instagram : www.💖 Facebook :💖Child Tax Credit Non-filer Sign-up Tool: 💖 - USPS:💖 - File Your Federal Taxes Online for Free - 1040/ 1040-SR:💖 - IRS GET MY PAYMENT:💖 Switchboard: Congress and Senate(202) 224-3121. A switchboard operator will connect you directly with the office you request.💖 NEW IRS STIMULUS PHONE NUMBER1(800) 919 9835 for stimulus check related questions💖 HELP SUPPORT THE CHANNEL:💖 PayPal:💖 CASH APP:$aspence2011💖 ICB INTERNATIONAL APPAREL:💖 SPONSORED:No, this video was not sponsored.⏰ SCHEDULE:Every Day------------------------------------------------------------------------------------------📧 For Business Inquiries: --------------------------------------------------------------------------------------------------------------#stimuluscheckupdate #4thstimuluscheck #MOSTLYMONEY--------------------------------------------------------------------------------------------------------------------------------Thank you for watching this video, click the "SUBSCRIBE" button to stay connected with this channel.💚 Subscription Link:"DISCLAIMER: I am NOT a CPA or financial advisor. I am not providing tax or financial advice. This channel is for entertainment purposes ONLY. Please don’t base your financial decisions on information I provided on my channel. Although my videos are well thought out and researched, if you need financial advice please contact a professional. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. The links above are affiliate links and all proceeds are used to promote the channel. If you choose to buy these items or apply for these credit cards through the following links, I will get a small kick back and it will cost you nothing extra.

Retirement Planning

Will the “Build Back Better” Plan Eliminate Roth IRAs - Mega Backdoor Roth IRAs for Good?SUBSCRIBE to NOT being a transaction ever again... us on Facebook! us on Twitter! us on the web: recent version of the Build Back Better Act has brought back retirement law changes that will curb high balance accounts and popular wealth building strategies including backdoor Roth IRAs and after-tax 401(k) contributions. The goal: Tax the wealthiest taxpayers to help pay for the new Social and Climate bill that is currently being debated in Congress.History of Roth: A Roth IRA can be a great way to save for retirement since the accounts have no required minimum distributions and you withdraw the money tax-free.The Roth IRA was introduced as part of the Taxpayer Relief Act of 1997.Is named for Senator William Roth, the author/founderHere’s some of the fine print:Backdoor Roth IRA’sBackdoor Roth IRA’s – These are where someone makes too much to contribute to a Roth IRA, and they can put non-deductible contributions to an IRA and immediately convert to a Roth (owing no taxes)Eliminated by limiting rollovers and conversions to taxable accounts after Dec 31, 2021.Backdoor Mega Roth IRA’sSame as the Backdoor Roth, except it allows much greater amounts to be deposited.Prohibits all after-tax contributions to 401(k)s after Dec. 31st, 2021.Also prohibits converting existing after-tax IRA amounts to a Roth IRA after Dec 31, 2021.Both Backdoor Roth and Mega Roth IRA’s are regardless of income levelRoth ConversionsEliminates Roth conversions for higher income earners above $400k for individuals and $450k for married couples after Dec 31, 2021.New contribution limitsProhibits new contributions for IRA holders with a total of $10 million in IRA assets.Applies to married couples with income over $450,000, and individual income over $400,000New distribution rules for larger accountsRequired to take a special minimum withdrawal of 50% of the amount over $10 million the year following you reaching this number.More restrictive provisions over $20 million.Begins Dec 31st, 2028New Reporting RequirementsRecordkeepers (TD/Schwab/Fidelity) will be required for annual reporting of all accounts over $2.5 million.Also, reporting of where the assets are held (Roth/Traditional)Begins dec 31, 2028Once this data is available it could lead to lowering the threshold of Special Minimum Withdrawals from $10 million to who knows whereLonger timeframe for IRS to go after violators (6 years, instead of 3)Stay tuned to this channel as this information is very fluid.. mega backdoor roth, roth ira withdrawal tax rules, roth ira eliminated, roth conversion eliminated, backdoor roth

Retirement Planning

#SSI #SSDI #SocialSecurityIn this video, we will be discussing the push for Congress to approve $1400 stimulus checks for our lovely seniors and cost of living adjustment increase for 2022. Link To Sign Petition for $1400 Stimulus Checks for Seniors: Out My Blog: My Facebook Group (Social Security Coffee Chat): Links:https://www.ssa.govGET YOUR ONE FREE STOCK: name is Josh Baldwin and I'm passionate about Social Security and making sure my viewers get the MOST out of their retirement. Tune in for news updates and benefits information every Tuesday, Wednesday, and Thursday!Disclaimer: The information I discuss is solely based on my own personal understanding of the rules of the Social Security Administration and should not be considered an alternative to receiving proper guidance from a trained financial, tax, or retirement professional.