Financial Planning
Top 3 Roth Conversion Mistakes and How to Create a Backdoor Roth IRA
Roth IRAs are an attractive retirement planning tool since they are structured to afford tax-free growth and withdrawals. In addition, they don’t require the account owner to take Required Minimum Distributions (RMDs). The IRS (Internal Revenue Service) places restrictions on the availability of such attractive perks in the form of income limitations. High-income earners whose […]
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Value of Financial Planning
What can a Financial Plan do for me? Case 1 Let’s meet Michael. He’s 30 years old and has a good job. He makes $65,000 a year and has been employed now for almost 8 years. Michael has $10,000 total in his savings accounts. He knows he should be saving more but doesn’t think […]
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