Tag Archives: Tax Free

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34. How to Retire in the 0% Tax Bracket

Finance, Financial, Retirement, Taxes, , , , , , , , , ,

What will taxes be like for you in retirement? Have you ever thought about that? 

In this episode, J Barry Watts teaches you how to reach the 0% tax bracket—or at least to get your taxes as low as they can be. He explains why there are some who cannot reach the 0% tax bracket, and discusses “the Three Tax Buckets.”

Barry discusses:

  • Who is unable to reach the 0% tax bracket 
  • The three types of money as they relate to taxes
  • Why a Roth option in your 401(k) can be greatly beneficial
  • How to reach the 0% tax bracket
  • And more

Resources:

Episode 32 – Mega Backdoor Roth IRA Strategy 

Connect With Barry Watts:

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32. Mega Backdoor Roth IRA Strategy

Finance, Financial, Retirement, Taxes, Uncategorized, , , , , , , , ,

Would you like to put $58,000 into a Roth IRA this year, then grow that money, tax-free, until you retire, and then take it out as tax-free retirement income?

In this episode, J Barry Watts introduces the mega back door Roth IRA strategy. He shares how some individuals can contribute $58,000 to their Roth IRA, despite traditional limits on contributions. Barry covers what you need to understand about Roths, including who can have a Roth and more.

Barry discusses:

  • What you need to understand about Roth IRAs
  • Who is eligible to have a Roth IRA
  • How people can contribute $58,000 instead of $6000 to a Roth IRA
  • The mechanics of the mega backdoor Roth IRA strategy
  • And more

Connect With Barry Watts:

 

Podcast: Play in new window | Download

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More