Roth 401k Or Pretax 401k: Which Benefits You More?
The rise of the Roth 401k prompts a key decision: pay taxes now or later?
Checklists For Financial Success
We customize financial checklists to suit your unique needs and goals, drawing inspiration from the meticulous approach of flight crews to ensure comprehensive planning and efficient execution.
Savings Towards Your Financial Independence
Savings Rate: Are You On The Medal Stand?
Unveiling The Benefits Of Hot Tea
Discover the benefits of hot tea, from increased energy to stress relief, and explore favorite flavors like Vanilla Almond & Peppermint Bark from Republic of Tea.
Leveraging Income, Savings Rate, And Asset Allocation
Focus on these four wealth-building levers to maximize your financial growth: income, savings rate, asset location, and asset allocation, as they work together to accelerate wealth accumulation.
Embrace The Benefits Of Indoor Walking
Regular brisk indoor walks offer numerous health benefits, including weight management and mood enhancement, alongside enjoyable activities like chatting with friends or watching Netflix.
How U.S. Treasury Bond Returns Have Evolved Since 1991
Over 30 years, the return on a 30-year U.S. Treasury Bond has significantly decreased, illustrating the changing dynamics of investing and purchasing power over time.
Why Your $100 Today Could Buy Half As Much In 20 Years
Inflation hits closer to home when you realize a $100 bill today could only buy half as much in 20 years, with recent experiences like a 22% increase in the cost of a haircut highlighting its impact.
How To Simplify Complex Financial Plans
Simplify your financial planning process: Instead of lengthy documents, focus on clear, actionable steps to achieve your goals and take control of your finances, one step at a time.
The Back Door Of IRAs
The Back Door IRA strategy involves contributing to a non-deductible IRA and converting it to a Roth IRA, but if you have a Traditional IRA, it gets more complicated, so it’s best to seek guidance.
A Common Roth Conversion Mistake
Avoid withholding during Roth conversions if you’re under 59 ½ to prevent a 10% penalty on any mismatch between the converted amount and withheld taxes.
When Is The Right Time For Roth Conversions?
Before initiating Roth conversions, ensure you can answer “YES” to all three essential questions, and if not, focus on accumulating cash, which serves as your conversion fuel.
