by Money Guy | Aug 9, 2023 | Ask the Money Guy, Blogs, Financial Planning
When deciding between contributing to a traditional or Roth 401(k) based on your current tax situation, and for the Mega backdoor Roth conversion, you need to check if your employer’s plan allows it and consider other options if you are in a high tax bracket....
by Money Guy | Jul 31, 2023 | Ask the Money Guy, Blogs, Financial Planning
The question is whether to prioritize maxing out the company 401K (pre-tax and Roth) to hit 25 percent or to contribute to a personal Roth IRA instead; the answer lies in considering investment choices, control, and flexibility for emergencies to make the best...
by Daniel May | Sep 30, 2021 | Blogs, FYI by FTE, Investing
Tax-free Roth accounts are possibly the most powerful retirement savings vehicle available to most Americans, and they are a fairly recent creation. The idea of a retirement account with tax-free growth and tax-free qualified distributions was initially proposed in...
by Money Guy | Feb 19, 2021 | Podcasts, Featured
Tax evasion is illegal, however, tax avoidance is highly encouraged. Roth accounts provide an outstanding opportunity for tax advantaged retirement savings and wealth building. This powerful investment vehicle was created to encourage everyone to save for retirement...
by Money Guy | Aug 30, 2019 | Featured, Podcasts
After watching Discovery Channel’s Shark Week, we realized the financial world has its own ferocious apex predator. Roth assets sit on the top of the food chain! They get tax-free growth, provide emergency access to your funds, and there are no required minimum...
