AdMail – Episode 130

In this week’s episode, IRA Financial’s Adam Bergman Esq. answers questions about Roth profit sharing contributions in a Solo 401(k), tax-free Roth IRA conversions, and taxes on an IRA RMD distribution.

0:00 *Intro

1:10 *Question 1: I have a Solo 401(k) with you and watched your video on the Secure Act 2. Confused – can I now do employer profit sharing contributions in Roth?

4:36 *Question 2: Just watched your video on Roth IRA conversions and am a bit confused. Are you saying that I can do a tax-free Roth IRA conversion?

6:33 *Question 3: I am over the age of 73 and want to make IRA contributions. How much tax do I need to pay on a distribution?

9:43 *Outro

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About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

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#retirement #taxes #rothira #rothconversion #taxplanning #adambergman #irafinancial #askadam #secureact #secureact2 #rmds #iradistribution

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