Business
In this episode, Amir discusses: · The downsides to a traditional 401K. · How the markets effect your retirement funds. · How a Roth IRA works & income limits on a Roth IRA. · How to do conversions or roll-overs from one retirement account to another. Key Takeaways: · Investing in a Backdoor Roth IRA can boost your net worth. · Think about other means for investing, rather than just stocks and bonds. · There are backdoor ways to get a Roth IRA even if you are outside the income limits. · Talk to your accountant/a self-directed custodian about other options for investing and retirement accounts and keep your options open. "Diversity is good, not just outside your IRA, but also inside your IRA, for your own retirement’s sake." — Amir Baluch Connect with Amir Baluch: Email: amir@financialwellnessMD.com LinkedIn: http://www.linkedin.com/amirbaluchmd Website: http://www.financialwellnessMD.com Show notes by show producer: Chelsea Taylor-Sturkie Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.