Can You Stump the Chump, aka Jim? Plus, a Day in My Life as I Answer Questions
We're going back to my email inbox for a discussion of a potpourri of financial topics. I'll answer questions as I do my shoulder workout.
We're going back to my email inbox for a discussion of a potpourri of financial topics. I'll answer questions as I do my shoulder workout.
Answering reader questions about rolling over an HSA, whether a UTMA or custodial Roth IRA is better for your kids, and if it is a good idea to open a solo 401(k) for your kids.
Answering reader questions about what to do when you and your spouse or partner do not see eye to eye about certain parts of your financial life, Roth IRAs, and the Mega Backdoor Roth.
If you're making large contributions to your individual 401(k), you'll probably need to fill out Form 5500-EZ. It's easy to do on your own.
I recently had a podcast question from a doctor who has four separate 403(b)s with a match. Here's how he can maximize his retirement savings.
Now that Ascensus is buying the Vanguard Small Business Division and taking over its solo 401(k) accounts, what do you need to do?
I found a very full email box on a recent Monday morning. Many of them seemed applicable to others, so I turned them into a potpourri post.
Answering reader questions about high-yield savings accounts, whether you should start a 529 if you are going to be an older parent when your kid goes to college, and if you should raid your taxable account to pay cash for a new house and avoid a high interest rate.
Discussing all things Roth, including conversations about Roth IRAs, the Backdoor Roth, the Mega Backdoor Roth, Roth conversions, and what all of that means. We start with a 101-level discussion before moving to a 201-level discussion and then diving into graduate-level tips and tricks.
Answering reader questions on how to know if you have a good CPA, what constitutes a super saver, Backdoor Roth conversions, and the challenges for someone who is financially supporting their immigrant parents.
Paying off a 20% credit card or borrowing at 1% and investing at 8% is a no-brainer. But what about a student loan vs. investing in a 401(k)?
Are solo 401(k)s better than SEP-IRAs for an independent contractor? Here are the pros and cons of both plans for your small business.
Some people misunderstand the tax implications of a 401(k) and believe maxing them out will cost them money. Here's why that's bunk.
Answering reader questions about the penalties of over-funding a Roth IRA and if they're worth it to pay for better growth, if it makes sense to do Roth contributions in your peak earnings years if you plan to retire early, and how much asset protection you get in a solo 401(k).
Answering reader questions about how 401(k) and IRA limits are totally separate, making Roth vs. traditional contributions, and what to do with retirement accounts when transitioning from residency.