Mat Sorensen - Wealth Lawyer & Entrepreneur

**No Wealth Office Hours today!**

But make sure to check out my newest video, where I break down 5 strategies to reduce the taxes on your crypto gains.

From 0% long-term capital gains and tax-loss harvesting to crypto Roth IRAs, borrowing against your crypto, and charitable strategies for larger portfolios, there are more options to consider before you hit sell.

Watch the newest video now and learn how to make your crypto tax strategy work smarter.

2 weeks ago | [YT] | 2

Mat Sorensen - Wealth Lawyer & Entrepreneur

No Wealth Office Hours Live today!

If you missed Season 2, now is a great time to go back and catch up. Season 2 was a 5-part Roth IRA Mastery Course where I covered key strategies to help you better understand and maximize your Roth IRA.

We’ll be back soon with Season 3, and I want to know what you’d like to see next. What topics, strategies, or questions should we cover?

And a big thank you to everyone who has tuned into a livestream, asked questions, participated in the conversation, or even made it through every single episode. We appreciate you being here and being part of Wealth Office Hours Live.

Season 3 is coming soon.

3 weeks ago | [YT] | 5

Mat Sorensen - Wealth Lawyer & Entrepreneur

Join Live Today at 4pm PT | 7pm ET

In Part 5 of our Roth IRA Mastery Course, I’m diving into one of my favorite strategies for building long-term, tax-free wealth: the Mega Backdoor Roth.

If you’re a high-income earner who feels limited by how much you can contribute to Roth accounts, this strategy could open up a much larger opportunity. I’ll break down how the Mega Backdoor Roth works, who can take advantage of it, and how after-tax 401(k) contributions can potentially be converted into Roth dollars.

In this episode, we’ll cover:

-How the Mega Backdoor Roth works and who can use it
-The difference between a traditional Backdoor Roth and the Mega Backdoor Roth
-How the strategy works with employer 401(k)s and Solo 401(k)s
-The key requirements and plan provisions you need to have in place
-Common mistakes to avoid when implementing the strategy
-How after-tax 401(k) contributions can potentially be converted into Roth dollars
-Why getting the details right is critical when using advanced Roth strategies

This is a powerful strategy for high-income professionals, business owners, and investors who are already maximizing their other retirement options and want to explore additional ways to build tax-free wealth.

We’ll finish the episode with a live Q&A, where I’ll answer your questions about the Mega Backdoor Roth, and other advanced Roth strategies.

1 month ago | [YT] | 9

Mat Sorensen - Wealth Lawyer & Entrepreneur

Left a job with an old 401(k)?
Here is what to do.

1) Find out how much is vested. Unvested funds are not yours.
2) Do not cash it out unless you are at retirement or in a real emergency.
3) Compare your options. Leave it, move it to a new plan, or roll it to an IRA.

In most cases the IRA rollover wins. Better control, more investments options, lower fees, and the ability to do Roth conversions on your own terms.

1 month ago | [YT] | 1

Mat Sorensen - Wealth Lawyer & Entrepreneur

Going Live at 4pm PT!

In Part 4 of my Roth IRA Mastery Course on Wealth Office Hours Live, I’m breaking down the Backdoor Roth IRA and how high-income earners can use this strategy to build tax-free retirement wealth—even when they exceed the income limits for direct Roth contributions.

We’ll cover:
-How the Backdoor Roth IRA works and the rules behind it.
-The three-step process: make a non-deductible Traditional IRA contribution, convert it to a Roth IRA, and properly file Form 8606.
-The Pro-Rata Rule and how existing Traditional IRA balances can create unexpected taxes.
-The six common mistakes to avoid when executing a Backdoor Roth.
-Who should use the strategy and how to make it an annual Roth-building strategy.
-Backdoor Roth vs. Mega Backdoor Roth and how the two strategies differ.

Prepare your questions because we’ll wrap up with a live Q&A, where I’ll answer your questions about the Backdoor Roth IRA strategy!

1 month ago | [YT] | 0

Mat Sorensen - Wealth Lawyer & Entrepreneur

There won't be a Wealth Office Hours Live this week, but don't worry we'll be back next week with another episode of the Roth Mastery Series.

If you missed last week's live, now's the perfect time to catch up. We covered key Roth conversion strategies that lay the foundation for what's coming next, and you can watch the replay now.

Next week, we'll continue the series with Part 4: Backdoor Roth IRA – Advanced Roth Strategies. I'll walk through how the Backdoor Roth IRA works, who it makes sense for, common mistakes to avoid, and advanced strategies high-income earners can use to build more tax-free retirement wealth.

Be sure to subscribe and turn on notifications so you don't miss the live session next week. I'll see you then!

1 month ago | [YT] | 8

Mat Sorensen - Wealth Lawyer & Entrepreneur

Join me LIVE today at 4pm PT!

A Roth conversion can be one of the most powerful tools for building tax-free wealth—but it's not always the right move. In this episode of the Roth Mastery Course, I'm breaking down what a Roth conversion is, when it makes sense, and how to use it as part of a smart long-term retirement strategy.

We'll talk about why so many investors are converting to Roth accounts, how to determine the best time to convert, and the strategies that can help you keep more of your retirement savings working for you.

1 month ago | [YT] | 1

Mat Sorensen - Wealth Lawyer & Entrepreneur

BREAKING NEWS! If you missed my live yesterday, you can watch it here!

A new proposal out of Washington, D.C. could have major implications for retirement savers. Lawmakers are once again looking at changes to retirement accounts, raising important questions about how much wealth investors should be allowed to build inside tax-advantaged accounts.

Join me as I break down the proposed legislation, explain who it could affect, and discuss what it means for the future of retirement planning. I'll cover the facts behind the proposal, why it's being introduced, and what investors should know as they continue building long-term wealth.

Whether you're investing through a Traditional IRA, Roth IRA, 401(k), or other retirement account, this is a conversation you won't want to miss.

1 month ago | [YT] | 3

Mat Sorensen - Wealth Lawyer & Entrepreneur

Join me today live at 4pm PT for Part 2 of the Roth IRA Mastery Course, where I break down the key differences between a Roth IRA and a Roth 401(k) so you can decide where to put your money for maximum long-term, tax-free wealth. We cover contribution limits, the core tax rules that make Roth accounts the most powerful retirement vehicle available, and the critical differences in withdrawal flexibility between the two accounts. We also walk through income limits on Roth IRA contributions, the backdoor Roth IRA strategy for high earners, and how to use both a Roth 401(k) and a Roth IRA at the same time to maximize every tax-free dollar you can legally protect.

One of the most underutilized strategies we cover is self-directing your Roth account — instead of being limited to stocks, bonds, and mutual funds, you can invest your Roth dollars into real estate, private companies, private equity, and crypto. An IRA can invest in these alternative assets as long as it is held at a custodian like Directed IRA.

Join here!: https://www.youtube.com/watch?v=mlTT4...

2 months ago (edited) | [YT] | 13

Mat Sorensen - Wealth Lawyer & Entrepreneur

No Wealth Office Hours today, but be sure to check out last week's episode: Why Open a Roth IRA.

We cover why a Roth IRA is one of the most powerful retirement accounts available, including tax-free growth, Roth vs. Traditional IRA differences, contribution rules, common misconceptions, and how even small contributions can grow into significant wealth over time.

Watch now and let us know your biggest Roth IRA question in the comments.

2 months ago | [YT] | 2