Farmland, Oil and Gas, Solo 401(k)s, and Asset Protection Questions
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.
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.
Maybe you've heard of the 5-Year Rule when discussing personal finance. But did you know there are actually four rules? Here's what they are.
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.
Along with Friend of WCI Chad Chubb, we answer reader questions about when an IRA is too big to convert to a Roth, how long you can wait to do the conversion in a Backdoor Roth, and the difference between wants and needs.
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.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
Answering reader questions about paying taxes on your rollover IRA contributions to a Roth, Mega Backdoor Roths, 529s, and the advantages and disadvantages of saving for your kids with a UTMA or parental brokerage account.
Sometimes, you think you can contribute directly to your Roth IRA without having to go through the Backdoor process. Sometimes, you're wrong.
We thoroughly debunk a clickbaity article about why having a Roth IRA is supposedly a bad idea while also answering reader questions about buying houses now that interest rates are going up and how much you need to donate to justify a DAF.
It took me a while before I was comfortable doing my Backdoor Roth IRA. Here's how I overcame my confusion and now use it to my advantage.
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.
Answering even more reader questions about Roth accounts, including queries about SEP-IRA conversions, Roth IRA contributions, how taxes affect Roth conversions, and more.
Answering reader questions about deducting your home office, improving your high-fee 401(k) plan, and funding your Backdoor Roth IRA through a taxable brokerage account.
Thanks to the Secure Act 2.0, there are now even more ways to use Roth accounts for your retirement. Here's what you need to know.
If you have an account with Schwab and you want to begin doing Backdoor Roth IRA contributions, here's exactly how to get started.