This Backdoor Roth IRA tutorial takes you step by step through the contribution process including how to fill out IRS Form 8606. We'll show you how to get it done right and avoid mistakes that can cost you time and money.
Too many investors have never taken Investing 101. Here's your chance. Learn it from me or learn it in the school of hard knocks, but you will learn it.
Do it yourself investing is a reasonable option for physicians and other high income professionals. If nothing else, you will save tons on investment management fees. Here is how to do it.
Bo Liu writes about his reasoning behind switching from IBR to REPAYE. If you are mulling the same move (and you should be if you are in IBR), be sure to read his experience.
Tax-deferred retirement accounts are wonderful ways to reduce your tax burden, protect your assets, plan your estate, and boost investment returns. Ignore them at your peril.
Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.
Every investor should have a written Investment Policy Statement. Here are a few pieces out of mine and ideas for what you ought to consider including in yours.
Should you buy whole life insurance? The short answer is, "Probably not." This is a product designed to be sold, not bought, where 80% of its purchasers eventually regret their decision. Are you one of the exceptions? Read this post to find out.
My mantra with financial advice is "Good advice at a fair price." There are plenty of good financial advisors out there, but they're badly outnumbered, and by the time you know how to recognize one, you may know enough that you no longer need him. This post explains what the perfect advisor looks like, but you won't find him, probably because he doesn't exist. You may, however, find one that is good enough and offering his service at a fair price.
Guess what? You can have more than one 401(k), saving you thousands in additional taxes every year. But it gets pretty complicated. Here are the rules.
A good portfolio is broadly diversified, low-cost, passively managed, regularly rebalanced, and consistent with its owner's need, ability, and desire to take risk.
Whole life insurance is dramatically oversold. This popular series explains the various methods that whole life salesman use to sell it to you, usually inappropriately. Forewarned is forearmed!
This post gives you ten steps that, if followed, will guarantee financial success and independence.
Most people invest their 529 money way too conservatively. When you really think about it, you can probably be a lot more aggressive than you might at first suppose.
One of the most common questions and debates among blog readers is what to do with excess income- pay down debt or invest. There are a lot of considerations that go into this question, and there isn't necessarily a right answer for any given person at any given time. Read these guidelines to help you make your decision.
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