Update – How Middle-Income Retirees can have $125k in spendable retirement income and pay no Federal Income Taxes
When preparing for retirement, your financial plan essentially boils down to a plan to manage all the very real risks people face when they enter their retirement phase of life. The main ones are longevity risks (risk of running out of funds in retirement), market risks, inflation risks, sequence of returns risks, health and aging […]
What is a “Backdoor” Roth IRA Conversion and Should I Should Consider It?
A “Backdoor” Roth IRA conversion, in concept, is not different from a typical Roth IRA conversion. The actual conversion process is the same. The taxpayer is transferring funds from a tax-deferred traditional IRA to a tax-free Roth IRA and pays some income taxes on the amount transferred. The name “backdoor” is just an informal name […]
The Deferral Trap
My wife follows Twitter and sent me the below attached piece from Bloomberg about 401(k)s. I did not believe the title at first, but the article does make some valid points about the changes in tax laws and the availability of low cost funds to the general public since 401(k)s were created in the late […]
