Iowa Attorney General Files Lawsuit Against ADI for Security Cameras Made in China as National Security Analyst Raises Concerns About CCP ‘Backdoor’
Iowa Attorney General Files Suit Against ADI Global Distribution Iowa Attorney General Brenna Bird has initiated legal action against the video surveillance firm ADI Global Distribution. She claims the company neglected to inform consumers that the cameras it sold were produced by two Chinese manufacturers, which are listed by the U.S. as entities that pose […]
The Mega Backdoor Roth: A Way for Tech Workers to Contribute $34,000 Each Year to a 401(k) Without Paying Taxes
A Look at the Backdoor Roth Strategy for 401(k) Contributions A 56-year-old software engineer, who has accrued $1.6 million in her 401(k), recently sought advice on r/financialindependent about how to handle her plan’s “after-tax and Roth conversion” options, aside from the typical $24,500 deferral. While she’s taken full advantage of her regular contributions for 20 […]
The 401(k) Mega Backdoor Roth Method a Tech Employee Used to Accumulate $750,000 in Roth Savings in Six Years
Quick Read A Meta engineer earning $200,000 can convert their $36,250 annual after-tax 401(k) contributions into a Roth and potentially accumulate $750,000 tax-free by the age of 36. Before engaging in a mega backdoor strategy, ensure your Meta plan permits after-tax contributions and in-plan Roth conversions. Wondering where you stand with retirement? SmartAsset offers free […]
Important Information About Backdoor IRAs
Important points Single filers can contribute directly to a Roth IRA if their income is under $168,000, while married couples filing jointly can do so if their income is below $252,000. The backdoor Roth process involves setting up a traditional IRA and later converting it to a Roth IRA. You can fund a traditional IRA […]
Chinese Medical Devices Can Send U.S. Patient Information to the CCP Through a ‘Backdoor’
Florida Attorney General Investigates Chinese Medical Devices Florida Attorney General James Usmier (R) has issued subpoenas to companies selling Chinese medical devices that reportedly have hidden features allowing patient data to be sent to entities linked to the Communist Party of China (CCP) without patient consent. State officials are looking into potential cybersecurity threats, as […]
Apple Appeals UK Demand for Encryption Backdoor to Spy on Users Worldwide
Apple has filed an appeal with the UK Court of Investigation to overturn a secret government order that requires the creation of a high-tech giant to create a backdoor to spy on encrypted user data. Ars Technica Report Apple is challenging a classified technical competency notice issued by the UK Home Office under the Investigation […]
US national security director condemns UK request for Apple data ‘backdoor’ | US news
Tulsi Gabbard, the new director of US national intelligence, slammed the encryption feud between Apple and the UK on Wednesday. In a letter to British lawmakers on Wednesday, she wrote that the UK government's order that Apple creates a “backdoor” in iCloud users' accounts is a “clear and terrible violation of American privacy and civil […]
Apple Disables Security Feature for UK After Government Demands Backdoor to Spy on Users Worldwide
Apple is taking the unprecedented step of removing the highest level of data security tools from its UK customers after the government requests backdoor access to user data around the world. This demand was called an “unprecedented attack” on privacy by security experts. BBC News Report That Apple has decided to disable Advanced Data Protection […]
A $50 Backdoor Play to Elon’s Next “Super-IPO”?
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. (Note: Thank you for supporting businesses like the sponsored message below and ordering through the links below. This benefits Pro-Trump News. Thank you for your support! ) With Donald Trump taking back the White House… Elon Musk has […]
An ex-Meta employee and FIRE blogger explains how he used the 'mega backdoor Roth' strategy that allows high-earners to bypass Roth IRA income limits and contribute up to $69,000 in a 401(k) – Business Insider
Andre Nader built a seven-figure portfolio by saving and investing in index funds. He leveraged his technology career and dual income household to maximize his savings and investments. One of the strategies he used to make the most of his tax-advantaged accounts is known as the “mega backdoor loss.” Andre Nader saved a portion of […]