Why Wealthy Charitable People Should Not Do Roth Conversions
Roth conversions are a great way to limit how much you or your heirs have to pay in future taxes. But they're not always the right move.
There are dozens, if not more, ways to save for retirement. It ranges from employer-assisted accounts like 401(k)s and 403(b)s to self-funded vehicles like IRAs and HSAs. Learning about retirement accounts is paramount to good financial literacy.
Roth conversions are a great way to limit how much you or your heirs have to pay in future taxes. But they're not always the right move.
Becoming wealthy isn't rocket science, but here are a few "rules" you may not have thought of that helped us to become wealthy.
Now that the Secure 2.0 Act has been signed into law, here's everything you need to know about the changes for high-income earners.
It's easy to make a mistake on your Roth IRA contributions in the year you start earning a big salary. Here's how to avoid this miscue.
Discussing the intricacies of the Mega Backdoor Roth IRA and dissecting other retirement account questions. Plus, an interview with WCICON23 keynote speaker Christine Benz.
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
You can unsubscribe anytime using the link at the bottom of any email.
You might endure painful penalties for not filing the correct solo 401(k) form at the right time. But help is out there. How's where to look.
Answering reader questions on a broad range of topics, including whether you should be public about how much money you make, how to move on after you make a financial mistake, and K-1 forms.
Answering reader questions about how to negotiate rent and whether you should create an LLC for real estate investments. Plus, a discussion on determining asset allocation in real estate.
Answering your questions about contributing to a 403(b) vs. a 457(b), Roth conversions, pregnancy and healthcare, and comparing safer investments.
An interview with two physician assistants, where we discuss PA training, how much PAs can make, and if PAs are taking away doctors' jobs.
Answering reader questions about charitable giving and the fees it incurs, asset allocation inside a donor advised fund, and whether captive insurance could be considered tax evasion.
Answering reader questions on all things Roth, including how to use a Backdoor Roth IRA, whether you should do the Mega Backdoor Roth, and why we hate the SIMPLE IRA.
Answering reader questions about finding the right side gigs, managing the student loan freeze, long-term care insurance, and whether organic food is worth the money.
Answering reader questions on using 529s for K-12 education, interest from I Bonds, timing your ETF transactions, and why TIPS aren't doing great.
Answering reader questions about FSAs mixed with HSAs, employee stock, and Rich Dad Poor Dad. Plus, we talk about how we set up our own investment portfolio.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
