
About this episode
In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen dive into the best tax-free vehicle to grow wealth - the Roth account. They discuss the significant benefits of Roth accounts, the power of time value of money, and the importance of planning and executing strategies before the year ends.
Here's what you can expect:
- An explanation of how to use the best tax-free vehicle to grow and earn wealth, and the benefits of the Roth account.
- A walkthrough of the strategies to build the Roth account most effectively, including the backdoor Roth IRA and the mega backdoor Roth 401K.
- The hosts discuss the year-end issues and the importance of planning and executing strategies before then.
- A detailed discussion on three main groups of people; the entrepreneur with no employees, the corporate employee with no ownership, and the entrepreneur with employees.
- Insights into the more technical aspects of the Roth account and strategies, such as the after-tax employee contribution and the conversion to Roth.
- Expert advice for entrepreneurs with employees on exploring safe harbor plans for the most benefits.
Listen to this episode to gain valuable insights and strategies on maximizing your Roth accounts and planning for year-end to optimize your wealth growth!
- Grab my eBook 30 Unique Strategies Every Business Owner Should Know!
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