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In this question, taken from AdMail, IRA Financial’s Adam Bergman discusses the pro rata rule when performing a Solo 401(k) conversion to a Roth IRA.
0:00 – Intro
0:42 – If I Do a Solo 401(k) Conversion and Have a Pretax IRA, is there Some Sort of Pro Rata Rule
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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.
Learn More: https://www.irafinancialgroup.com/about-us/
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Go The Distance
In the 1989 movie “Field of Dreams” Ray Kinsella hears a voice whisper telling him “If you build it, he will come.” As the story continues, the voice once again urges Ray to “go the distance.” This serves as a fitting metaphor for the attainment of personal and professional success. In the sport of baseball, going the distance is the term used to describe a pitcher who plays for all nine innings of the game. In boxing, it refers to a fighter who continues for all of the rounds. In the context of success, it is an appropriate term to describe somebody with the persistence to keep working for their goals until they are achieved.The Next Big Thing May Be Little Things
We all want to be in on the next big thing. But sometimes, it takes years to become an overnight success. The little things you do today can create big things for you tomorrow. While you wait for the next big thing, do all the little things you need to do consistently.Beyond The Basics For Tax Lien Investors: What You Need To Know And When You Need It
I believe that there are three different stages of knowledge or learning about tax lien investing that the investor needs. But you don’t have to go through each of these learning stages before you know enough to get started.Alternative Investments: Are They Even Available to the Average Investor?
Alternative Investments are not just for the ultra wealthy. Not any longer. Learn how you can enter into alternative investment strategies with little money and with confidence of having the experts in your alternative investing corner.Saving Money and Building Wealth on a Tight Budget – Part 1
Most of us are guilty of it. We say we don’t have money for extras. We claim our budget is stripped down, bare bones, nothing but necessities. But, is that really true? Most of us can find some extra money in our budget if we look closely enough. Do you go out to eat a lunch time? Do you go out to dinner once a week? Do you go to the movie theater a couple of times a month? Does your day only get started after your Starbucks coffee in the morning? David Bach calls it the “Latte Factor”. If you buy a designer coffee every morning on your way to work, that comes to $20 a week, about $87 a month, or $1040 a year.