# 18 Roth IRA Conversions and Chunking Strategies

  Рет қаралды 7,680

Mat Sorensen - Wealth Lawyer & Entrepreneur

Mat Sorensen - Wealth Lawyer & Entrepreneur

Күн бұрын

Roth IRAs and Roth 401(k)s grow and come out tax-free at retirement. Mark and Mat outline the steps to get to Roth (it's for high-income earners too) from traditional IRA or 401(k)s and cover the sweet spots to keep the tax burden low when converting to Roth.
The Directed IRA podcast is an educational resource provided by Directed IRA & Directed Trust Company directedira.com/.
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. directedira.com/open-accounts/
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 sdirasummit.com/
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 sdirahandbook.com/

Пікірлер: 20
@djdietz2922
@djdietz2922 3 жыл бұрын
Current customer here.... Thanks for the great info, I learned a few things! There are so many different opportunities out there and you guys make it easier to understand them all. I converted ALL of my Traditional over to ROTH when they started and let you spread out the tax over a few years, but have made a lot of Traditional Contributions since for the tax breaks in certain years. This really helped me understand how I should go about getting more converted. Thanks, Dan from WI
@MatSorensen
@MatSorensen Жыл бұрын
Dan, thank you, this is great news!
@pursuefinancialfreedom
@pursuefinancialfreedom 3 жыл бұрын
Love this guys! I will be sharing this on my podcast as well! Maybe if I’m lucky can get one or both of you on my new podcast! You would be one of the best guests ever! 😎 Thanks for all you do!
@TheWill696969
@TheWill696969 3 жыл бұрын
Guys I love educating people about you both on how to get ahead
@MatSorensen
@MatSorensen Жыл бұрын
Thanks!
@michaeloporto5202
@michaeloporto5202 3 жыл бұрын
Damn it. Now I want a Rockstar. Thanks for all the info guys! Just opened my Crypto Roth IRA. Rolling money on Monday. I’m scared but I’m pretty sure this is the right move.
@mcbcinc
@mcbcinc 3 жыл бұрын
Love these strategies!
@MatSorensen
@MatSorensen Жыл бұрын
Thanks!
@dianaberju6858
@dianaberju6858 2 жыл бұрын
I have never written a review on KZfaq and watch quite often and felt apprehensive about writing a review like this but here goes .... although there was some good information, it was painful to watch and took more than twice as long as I think it should have been. I think that it would have been much more professional and concise if Mat Sorensen did all the explaining. I could get this type of information on several other channels without wasting so much time and feel frustrated while watching. I'm surprised so many people rated this favorably.
@MatSorensen
@MatSorensen 2 жыл бұрын
Thanks for the feedback Diana. We will keep that in mind. Thanks for watching.
@jaredb.7263
@jaredb.7263 3 жыл бұрын
Off topic but can you guys do a segment on the pros and cons of partnering vs multi-member LLC. Thanks
@sshaw107
@sshaw107 2 жыл бұрын
Movie reference - What about Bob
@randyberti6606
@randyberti6606 Жыл бұрын
Question on the Roth’s, understand to convert my traditional balances to Roth I need to pay tax during the conversion. Do I need to do that before I am allowed to do nondeductible roth contributions (“back door”)?
@babyblue7798
@babyblue7798 22 күн бұрын
do i pay the taxes from my savings or is it to be deducted from the traditional IRA account? oh, not so good if I have to wait 5 years after converting it. I am 63 so it sounds like I still have to wait. either way, I have to pay. then i rung into the risk of my investment declining after i pay the conversion taxes, not good for me :(
@br8801
@br8801 3 жыл бұрын
I'm in the process of transferring my Roth & traditional IRA's to you guys for IRA/LLC. Starting a new career nxt year that will significantly increase my household income (more than double), so my wife and I will never be in a better tax bracket than we are right now. Approx 60% of my funds are traditional, would like them all to be Roth, but can't absorb the 12k tax bill for the full conversion this year. In my situation, is it reckless and stupid to have the taxes paid out of the IRA and just be content to start out with a lower balance?
@MatSorensen
@MatSorensen 3 жыл бұрын
Tough call. Most people are not going to use retirement proceeds to pay for taxes on conversion.
@pardh1961
@pardh1961 2 жыл бұрын
Sorry, but George W. Bush was not president in 2012. Maybe he means Barack Obama. (See 4:35 in the video)
@johnlittle8267
@johnlittle8267 2 жыл бұрын
Roths are not tax free, you pay the taxes up front! Hello! Yes the gains afterwards only are tax free.
@Ghjnvxrtssw2446
@Ghjnvxrtssw2446 2 жыл бұрын
70% babble. Can’t listen anymore
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