Category: Roth IRA
This is the third installment in a multi-part series on retirement accounts for self-employment income. We previously covered SEP IRA and Solo 401K basics. In this post, we’ll cover …
This article has been updated for the 2022 and 2023 tax years. Roth IRAs have become quite popular among the millennial generation (and beyond) and can be a great …
This article has been updated for the 2022 and 2023 tax years. The IRS has announced the 2023 maximum IRA contribution limit, which is the max that individuals can …
This article has been updated for the 2023 tax year. Every time I think I have maximized my retirement savings in a given year, I discover a new way …
A few weeks back, I was having a chat with a younger friend who raised the following: “I was hoping to talk about 401K vs saving money to have …
This article has been updated for the 2023 tax year. In it, we’ll cover the basic Backdoor Roth IRA details, how-to steps, and whether they might make sense for …
This article has been updated for the 2022 and 2023 tax years. I’m willing to bet that most readers of this article have heard of a “spousal IRA”, but …
Me: Forgive me father, for I have sinned. Father Finance: You are in a safe place to share your sins, my son. What would you like to confess? Me: …
