Eight financial habits that everyone should learn in order to build long-term wealth…
The Amazing HSA
When talking with people about their employee benefits, there are certain topics that everyone wants to talk about because they’re exciting and fun to discuss (401(k)s, stock options, anything investment related). Then, there are other topics that, when mentioned, generally causes people’s eyes to glaze over, toes to curl up, and invokes a strong involuntary reaction to do ANYTHING ELSE than to discuss that particular topic…
Backdoor Roth IRAs – Part 2 - Pitfalls to Avoid
The IRA Aggregation Rule states that when an individual has multiple IRA accounts (Traditional IRAs, along with SEPs and Simple IRAs), for conversion purposes, all of these accounts are considered one large account. In these cases, the individual cannot say that he/she solely wants to convert his IRA to a Roth from the nondeductible portion of his/her IRA accounts…
Backdoor Roth IRAs – Part 1: An Introduction
Roth IRAs have become an increasingly popular retirement savings tool for Americans, and rightfully so. The accounts grow tax deferred and, if held until 59 ½, the growth in the accounts can be withdrawn at a 0% income tax rate. Also, unlike its Traditional IRA cousin, owners of Roth IRA accounts do not have to…
