My Money Is Worth More Than Your Money
Physician on FIRE has over 80% of his retirement dollars in post-tax accounts and believes those dollars are worth more than yours. He's probably right.
Physician on FIRE has over 80% of his retirement dollars in post-tax accounts and believes those dollars are worth more than yours. He's probably right.
Funding a Roth IRA indirectly has helped high-income investors meet their financial goals and achieve tax diversification for a decade. Here are the lessons learned.
What is different in your investing life as you approach retirement? Not much. You don't need to be doing something dramatically different than a 25-year-old. The mix may be different but the investments will be the same.
If you are a high earner, especially in the last half of your career, you can really put a lot of money into cash balance plans, all tax deferred. Learn if it is the right fit for you.
This is the most common dilemma faced by WCI readers. There are some clear answers, but even when the answers aren't clear, these important factors will help you to arrive at the right decision for you.
If you fear Required Minimum Distributions will leave you with a large tax problem, then you are probably misunderstanding them. If you truly do have an RMD problem, here's what to do about it.
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.
If you have a lousy 401(k) or 403(b) plan you don't need to be stuck with high, hidden fees and poor investment choices. Here are 6 things you can do to get a better employer retirement plan put in place.
Don't make the mistake of putting all your resources toward college savings at the expense of retirement savings. It'll likely come back to bite you.
Four questions from an old friend about IRA's, S Corp salaries, employing your spouse, and opening a SEP IRA or Solo 401k with Vanguard.
An independent contractor has plenty of excellent options for retirement savings -- an i401(k), SEP IRA, HSA, Defined Benefit/Cash Balance plan, and even a taxable brokerage. Which is best for you?
Overcontributing to a Roth IRA is just one of many common mistakes I see. Advisors and accountants can miss these details so you'll need to understand them. Learn how to identify the problem and how to fix it.
I thought the Backdoor Roth IRA was so simple nobody would screw it up. Boy was I wrong.
Lots to discuss today about 401(k) loans, solo 401(k)s, convincing an employer to switch out of a crummy 401(k), and still answering questions about the backdoor Roth IRA.
Aiming for FIRE? Max out your retirement accounts before investing in taxable. Why? Math.
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