The Mega Backdoor Roth Strategy For Shell Employees

Описание: Shell employees have access to a potentially lucrative tax strategy within the Shell Provident Fund (SPF): Mega Backdoor Roth Conversions. This strategy allows for Roth retirement savings beyond the standard IRS limits for direct Roth 401(k) contributions.

Cydney P. Nash, CFP®, CIMA®, answers questions involving:
• What the Mega Backdoor Roth is
• The specific mechanics surrounding this strategy
• 401(k) contributions and tax features
• The overall benefits of this strategy
• And much more!

If you or someone you know could benefit from this information or the other services our firm offers, we invite you to contact our team for a complimentary consultation where we will review your financial situation to determine opportunities for optimization from an employer benefits, executive compensation, investment, tax, estate, and retirement planning perspective.

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In this video, we cover:
(00:00) Intro
(00:25) About Us
(01:00) What the Mega Backdoor Roth is
(01:54) Pre-Tax vs Roth contributions
(04:38) Features of After-Tax account
(07:00) Example
(08:24) The Pro-Rata Rule
(09:36) Closing Thoughts

IMPORTANT DISCLOSURES:
Rhame & Gorrell Wealth Management is not affiliated with or endorsed by Shell. Corporate benefits may change at any point in time. Be sure to consult with human resources and review Summary Plan Description(s) before implementing any strategy discussed herein.

Rhame & Gorrell Wealth Management, LLC (“RGWM”) is an SEC registered investment adviser with its principal place of business in the State of Texas. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that RGWM has attained a certain level of skill, training, or ability.

This material has been prepared for informational purposes only, and should not be construed as personalized tax, legal or investment advice. You should consult your own tax professional and/or attorney to determine, based on your individual situation, the effectiveness of any of the strategies described. Past performance may not be indicative of future results and does not guarantee future positive returns.

For additional information about RGWM, including fees and services, send for our Firm Disclosure Brochures as set forth on Form ADV Part 2A and Part 3 by contacting the Firm directly. You can also access our Firm Brochures at www.adviserinfo.sec.gov. Please read the disclosure brochures carefully before you invest or send money.