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Retirement Planning

Mach 1 Market Moment Episode 65: Roth Conversions [Video]

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Mach 1 Market Moment Episode 65: Roth Conversions

Matt & Mike discuss everything you need to know about Roth conversions and how they’re a great tool for getting more out of your retirement. They also discuss why a Roth conversion might not be for everyone.

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Mach-1 Financial Group, Inc. (“Mach-1”) is an SEC Registered Investment Adviser located in Bentonville, AR. Mach-1 may only transact business in those states in which it maintains a notice filing, or qualifies for an exemption or exclusion from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Third party ratings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. For full disclosures please see https://mach-1financial.com/disclosures/

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Retirement Planning

Back Again! Mega Backdoor Roth Solo 401k/IRA Bans Added Back to Build Back Better Act [Video]

Please join Friday 11/5 @ 2:30 PM EST as Harvard Law Attorney & Self-Employed Retirement Expert George Blower provides an update on the recent House Proposal that re-introduces the recently proposed ban on Backdoor Roth IRA and 401k plans.LEARN MORE:https://www.mysolo401k.net/back-again-backdoor-roth-and-mega-backdoor-roth-added-back-to-pending-reconciliation-bill-build-back-better-act-of-2021/https://www.mysolo401k.net/solo-401k/open-a-solo-401k-account/The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below:-The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older).-The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions.-401k participant loans of up to $50,000-Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments.Open an Account: https://www.mysolo401k.net/solo-401k/open-a-solo-401k-account/Learn More: https://www.mysolo401k.net/solo-401k/Subscribe to our channel for weekly educational webinars: https://www.youtube.com/channel/UC1vw56qJEnK7DBNqCmeapcgFor over 10 years, My Solo 401k Financial is the leading self-directed solo 401k provider having helped over 8,000 clients take control over their retirement funds by focusing on superior knowledge, expertise, and customer service with over 100+ 5-star verified customer reviews on the Better Business Bureau (BBB).

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Retirement Planning

Our 2022 Retirement Plan | New Contribution Limits Changed Our FIRE Strategy [Video]

The IRS and the Social Security Administration just announced the new retirement contribution limits for the year 2022. Congress is also working to pass the Build Back Better Act that could possibly repeal backdoor Roth IRA and the Mega Backdoor Roth. How are they going to change our retirement strategy? 👨‍🏫 1:1 Financial Coaching 👩‍🏫Schedule a free 20-minute 1:1 coaching session➡️ Introductory Forum: https://forms.gle/pjd6x1RwsEidn12f8📧 Email: hello@firepsychat.com📖 Get Your Free Financial Spreadsheets and Resources 📖➡️ https://forms.gle/LbUKsQgrxk2Xn2Ez9📷 Additional FIRE Videos 📷Mega Backdoor Roth Explained - https://youtu.be/0si-5lnJkh4Buy Borrow Die - https://youtu.be/ISX9iJW58T8How to save for HSA - https://youtu.be/tgFouak0b1IOur $2.8 mil Fat FIRE Plan - https://youtu.be/g8XrtwoaApUHow We save 60% of our Income - https://youtu.be/2JstYnmvhVgOur $1 mil Dividend Stock Portfolio Strategy - https://youtu.be/ZetNufibOpsBackdoor Roth IRA - https://youtu.be/2-NOf2-2KZwFat FIRE Roadmaps - https://youtu.be/kt2qrtrD72o🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 https://www.epidemicsound.com/referral/de9jqv/ ⏰ Table of Contents ⏰ 0:00 IRA Update2:51 401k, 403b, 457, TSP Updates4:28 Social Security & Medicare Updates5:11 Build Back Better Act7:02 Our 2022 Retirement Contributions#FIREPsyChat #FinancialIndependence #Retirement🤳 Add me on Instagram @FIREPsyChat 🤳https://www.instagram.com/firepsychat/📖 Start educating your children about financial literacy today! 📚 Piggy Bank aka “Ham” from Toy Story - https://amzn.to/2SIdndD Monopoly Classic Game - https://amzn.to/3gAL1LyKids Bank Play Money Set - https://amzn.to/3q64gQh 📷 Equipment Used for This Content 📷 Sony ZV-1 - https://amzn.to/3cmk63nRode VideoMicrophone - https://amzn.to/3uZDz0iGVM LED Light - https://amzn.to/2T3kGweSanDisk 128GB SD Card - https://amzn.to/3fVJ5Nn3-Pack Replacement Batteries - https://amzn.to/3fUjqExPortable Charger - https://amzn.to/3uX9UVIDisclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence, or seek the advice of a licensed advisor if necessary. Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.

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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:https://seniorsleague.salsalabs.org/emergencystimulus/index.htmlCheck Out My Blog:https://www.madmoneymillennial.com/Join My Facebook Group (Social Security Coffee Chat):https://www.facebook.com/groups/4479107012146027Useful Links:https://www.ssa.govGET YOUR ONE FREE STOCK:https://join.robinhood.com/joshuab-32885d/My 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.

Categories
Retirement Planning

Social Security 2022 & Retirement: Social Security Income Limit Changes for 2022 SSA SSI SSDI Across the country communities in the United States are now able to get access to resources to help them pay for things like food, rent, healthcare costs and much more. This is done through programs like: Food Stamps, Supplemental Nutrition Assistance Program, SNAP, Calfresh, Pandemic P-EBT , PEBT, Summer P-Ebt benefits, Social Security Disability, SSDI, Social Security Retirement, Supplemental Security Income, SSI, as well as things like California State stimulus checks, Golden State Stimulus check, Federal Stimulus, checks, Pandemic assistance, Unemployment Benefits EDD, Healthcare.gov, Medicare, Medicare Advantage, Medicare Supplement, Obamacare, Covered California, Bidencare, 1095a , FTB 3895, health insurance, health insurance exchange.But without a doubt, no matter how much money and help is available to Americans, Seniors and Retirees, these resources do not do any good for people, if they don't know about them. That is why we are here to discuss the various government programs that are meant for those in our communities who need an extra bit of help to get back on their feet. Hopefully our video helps you better understand the help that is available for you, for the community , and for our friends , neighbors and family members. Please enjoy this video and don't forget to like and subscribe if you find this video interesting, helpful or useful. Thank You!#SocialSecurity #COLA2022 #MichaelsMatters