The Tax Disaster Waiting in Your 401(k)

Most people have no idea how much money they’re leaving on the table just by misunderstanding retirement accounts. In this episode with Phil Clark, we uncover the secret retirement strategies that wealthy investors actually use, including the backdoor Roth, mega backdoor Roth, HSA hacks, and cash balance plans most advisors never mention. You’ll learn how to build tax-free income, avoid costly penalties, and create a flexible retirement plan no matter your age. Watch now to future-proof your wealth and outsmart the system.
#retirementplanning #wealthbuilding #taxstrategy
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This video is a publication of OmniStar Financial Group. The content is developed from sources believed to be accurate and reliable with all information. The information in this material is not intended as tax or legal advice and may not be used for the purpose of avoiding any federal tax penalties. Please consult with a tax or legal professional for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for purchase or sale of any security or service provided by OmniStar. Any opinions expressed in this video reflect those of the authors and are subject to change. Any distribution, use or copying of this video other than the intended recipients is prohibited.

OmniStar has been serving clients since 1992 through deep relationships, actionable strategies, and advanced technology. Our goal is to empower those we serve to reach their goals and live their best life.
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CHAPTERS
00:00 - You're Losing Thousands (Here's Why)
00:31 - Roth vs 401(k) vs Traditional IRA Explained
01:47 - Can You Max Out Multiple Accounts?
02:20 - Tax Brackets: Now vs Retirement
03:22 - The Danger of RMDs (Required Minimum Distributions)
03:54 - Secret Strategy: The Backdoor Roth IRA
05:03 - The Mega Backdoor Roth (How the Rich Use It)
05:41 - Overlooked Accounts That Build Wealth
06:49 - The Power of the Cash Balance Plan
07:58 - Age-Based Retirement Strategies
09:09 - Accumulation vs Distribution Planning
09:43 - Avoid the $33,000 Retirement Mistake

Alternative Title:
Secret Retirement Loopholes Rich People Actually Use