I earn $200K per year and will likely retire in a higher tax bracket. Is a backdoor Roth IRA a good strategy for me?
That’s long been the promise of the Roth IRA, which unlike 401(k) funds can be tapped tax-free in retirement. But there’s a ...
I’m in my 50s, earn $200K per year. I know I’ll retire in a higher tax bracket than I’m in now — is the backdoor Roth IRA strategy good for high-income earners like myself?
Nothing beats the confidence of knowing your financial future is secure, especially if you're a high-income earner eyeing a ...
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Ask an Advisor: I'm 44 With $1 Million Saved. How Do I Open a Backdoor Roth IRA?
IRA and Roth IRA. Since my total household is above the threshold for investing in a Roth IRA, I have been considering ...
5 ways to know if a mega backdoor Roth makes sense for you
A major factor contributing to whether the mega backdoor Roth makes sense for you is if you have the ability to save that ...
How the rich use insurance to invest in private credit without steep tax bills
There are two primary options for investing in an IDF. The cheapest route is taking out a private placement variable annuity ...
Roth IRAs are all the rage with the young crowd
ROTH IRA's are growing in popularity among younger generations who are using this retirement tool in addition to a ...
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Can You Open a Roth IRA With Your Spouse?
This same rule applies to anyone in your household, so a parent and child cannot hold a joint Roth IRA. One thing to remember is that if you file a joint tax return with your spouse, your combined ...
Backdoor Roth IRA: A Guide for High-Income Earners
The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement income. By following the proper steps, avoiding the pro-rata rule, and ...
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We’ve got $2 million in pre-tax retirement funds already - do I need a Solo 401(k) that allows after-tax mega backdoor conversions?
Many savers are drawn to traditional IRAs and 401(k)s because they offer a tax break on contributions. But in return, people ...
10 Best Roth IRA Stocks to Buy According to Analysts
A Roth IRA, or individual retirement account, is a tax-advantaged savings plan designed for retirement. Unlike ...
Hoping to bring down tax bill? Even in 2025, you can influence last year’s return
Review and file an amended tax return: If after filing your taxes you discover missed deductions or credits for 2024 or ...