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.
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.
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.
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.
Our first Roth IRA contributions took place in 2004, and we put in the maximum $3,000 apiece. Now, we're over seven figures. Here's how.
Answering reader questions about the Backdoor Roth IRA, if you can remain a 1099 contractor instead of a W-2 employee, and variable rates on student loans.
Answering reader questions on the Backdoor Roth IRA, refinancing student loans if not going for PSLF, and employee-sponsored 401(k) plans.
Answering reader questions about retirement accounts and what to do about the Backdoor Roth IRA. Also, an interview with WCICON22 speaker Dr. Altelisha Taylor.
After completing your Backdoor Roth IRA follow these steps to report both the contribution and the conversion in the TurboTax software.
There is plenty of confusion about spousal IRAs and how to use them. Let's go through them step by step and see if they make sense for you.
Answering listener questions about retirement, with topics surrounding Roth IRAs, risky bond options, and what to do about high inflation.
Congress is proposing tax changes that could affect the Roth IRAs and tax brackets of high earners. Here's what you should be thinking about.
Today we discuss financial priorities for residents. Also answering questions on the mega backdoor Roth IRA, DFA ETFs vs. Vanguard ETFs, getting rid of your whole life insurance policy, Form 8606, and cash balance plans.
Should you buy gold bullion? What about funding your retirement by selling franchises you own? These and lots more questions on today's episode.
The self-employed have plenty of options for retirement savings: an i401(k), SEP IRA, HSA, Defined Benefit/Cash Balance plans, etc. Which is best for you?
How should you manage inherited retirement accounts? Also questions about inflation, refinancing student loans before Oct.1, SEP IRA's to backdoor Roths, choosing a specialty, and more.