Building Wealth, Financial Planning, Investing, Retirement Planning
A Roth IRA is a great option if you are looking to save after-tax dollars, offering the opportunity for tax-free growth and relaxed distribution rules. Unfortunately, eligibility to contribute to a Roth IRA is subject to restrictions, which can cause confusion. To...
Financial Planning, Retirement Planning
There are a lot of important considerations to weigh before doing a Roth conversion. As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy that investors could consider. This flowchart...
Estate Planning, Financial Planning, Investing, Retirement Planning
The end of the year provides a number of planning opportunities and issues for investors. Year-end topics can include tax planning, investment and retirement accounts, charitable giving, cash flow and savings, insurance and estate planning. In this checklist, we cover...
Family and Finances, Financial Planning, Life Events
Becoming a caregiver for aging parents can be a drain emotionally and can carry financial ramifications both for parents and for the caregiver children. Helping to understand and manage the financial issues involved can make the situation a bit easier for all. In...
Financial Planning, Health Care
Many people save for retirement by contributing to their employer’s 401K plan, IRAs, and Roth IRAs. But, what about using a Health Savings Account (HSA) to accumulate wealth for retirement? What is an HSA? Congress created the HSA as a way for people to save money to...
Financial Planning, Investing, Retirement Planning, Tips and Tricks
What is a Mega Backdoor Roth Contribution? A Mega Backdoor Roth Contribution is not as scary as it sounds. Here’s how it works: You make a non-Roth after-tax contribution to an employer 401(k) plan (if permitted by the employer’s 401(k) plan...
