How Do I Get More Tax-Free Money?

The Retirement Show: Your Life, Your Money with Scott Sierens

Who wouldn’t want extra cash in their pocket without having to pay taxes to the IRS? In today’s episode, Scott dives into the topic of getting more tax-free gains and shares valuable strategies for growing your wealth without paying hefty taxes. From contributing to a Roth 401(k) or SEP Roth to utilizing the backdoor Roth IRA process, Scott provides insights to help you make the most of tax-free gains.

Here's what we’ll discuss in this episode:

• The current economy + Scott’s takeaways from the article “Why Should I Hold Stocks?” (1:52)
• A few ways to get money into a Roth for more tax-free gains. (10:13)
• The backdoor Roth IRA process + the Pro-Rata rule. (12:21)
• You might be able to make after-tax contributions to your 401(k). (14:45)
• Are Roth conversions right for you? (15:44)
• Selling your primary house for tax-free gains. (17:48)
• Getting tax-free money for medical expenses by contributing to a high deductible health savings account. (18:48)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

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MarketWatch Article: https://theirrelevantinvestor.com/2023/06/02/why-should-i-hold-stocks/