We are building the best tax-free vehicle to grow and earn wealth.

There's no other way to build and grow wealth without paying tax legally than the Roth account.

You start to do the math of putting away approximately $500 a month.

Right now, I don't care if you're 20 years old, 30 years old, 40 years old, 50 years old,

you start putting it away $500 a month and you're consistent.

It becomes astronomical. It is unbelievable the power of the time value of money. When you make money, you don't pay tax on it. And when you pull it out at 59 and a half, you don't pay tax on it either. When your traditional IRA and traditional 401Ks, remember, you don't pay tax on your building and growing money, but on the way out at retirement,

you build that up to a million dollar account, a $10 million account, like Peter Till, who's got a $5 billion dollar Roth IRA. When you're pulling money out of a traditional, you pay tax. This is the benefit of the Roth. It's totally tax-free. Welcome everyone to the Main Street Business Podcast. This is Matt Sorensen, joined by the illustrious Mark J. Kohler.

Thank you.

And we are excited to be talking about mega backdoor. this podcast. This is Matt Sorenson, joined by the illustrious Mark J. Kohler. Thank you.

And we are excited to be talking about mega backdoor Roth 401Ks. This is a culmination of some

amazing strategies to build a Roth account and do it in the biggest way possible, hence mega.

Trump may call it the huge Roth IRA. Yeah.

No, this is such a great topic.

And all of you out there, you want to be informed on this.

Some of you have a structure where you're working for.

We're going to describe three groups here shortly, a group of those that are entrepreneurs

with no employees and have a solo 401K in their back pocket. those of you that have a corporate job, you and or your spouse, and you're not an owner of this company you work for, but they are providing a 401K. You have more flexibility than you realize. And then third, there's many entrepreneurs out there that have those full-time employees. They want to do more, but they don't know what to do. And I think there's a lot of people that are like, they just throw up their arms and do nothing. And we want to make sure that you know in context of all these three groups what you have to do before a year end. This is a year-end issue and some important deadlines. Yeah. So, and a lot of these strategies, I'm going to say in all of these, whatever one you're doing of those three, what you do by year end is going to dictate whether you can do this in 2023. So you've got to be acting on this by December 31st in order to pull this strategy off. So now let me hit what the heck of Roth is and why that matters. We even talk about that at the outset because some people are like, big deal, man. Yeah. Why Roth? Totally. And I do want to give a disclaimer. I just want to you to know, I fought hard for a show on the holiday cooking balls, the sweaty method of holiday eating. I wanted to really do kind of an NPR type show on that, but I was outboated.

So we're going to, so you have to go to S&L to find out about it. Probably better.

That's, wow, who's the guy that did that? Alec Baldwin. Yeah, Alex Baldwin.

Alec Baldwin was the guy on that with how the, anyways, yeah, it was the NPR ladies.

That's very good. Yeah, it's very tasty. It's so good. So, good. So, good. So, good. So, good. For those that are new to this show, maybe, we do try to keep this fun and light. So get over to your S&L, sweaty ball, holiday ball favorite on everybody's table during the holidays. These are meatballs, by by the way. You don't know the punchline and these are these are a company that sells meatballs. All right. Now, let's talk about Roth accounts. Why the heck do you want a Roth? Now, we're not chasing tax deductions today when we're doing Roth. What we're talking about here, when we're putting money into a Roth, I'm not giving you a tax

deduction today. That is not what that is about. The IRS is not giving it to you. Your state's not

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