There has been a lot of talk lately about the mega backdoor Roth IRA. For a long time, it was an unspoken secret used by retirement planners. However, the IRS released guidance that specifically addressed both backdoor Roth IRA conversions, and the so-called Mega Backdoor Roth IRA. As a result, it has gained even more popularity […]
While minors can’t open brokerage accounts, there are ways for teenagers to start investing in high school.
Wondering how you’ll pay for your kids’ college expenses? Using Roth IRAs for paying college expenses can provide quite a few benefits. Learn how to do it properly in this article.
Contribute to an individual retirement plan like a Roth IRA or Traditional IRA? Here are the 2018 and 2019 IRA contribution limits.
Here are the five worst IRA mistakes made every day across America. These individual retirement account tactics will save you money.
If you’re new to investing, the sheer number of options you have can be more than overwhelming. You not only have to decide what to invest in, but you also have to determine what type of account to open and where to open it. This is the predicament I’ve found myself in. You see, I’ve […]
One of the biggest benefits of saving and investing in a 401k is that it’s automatic – your employer just takes care of everything for you. Don’t you wish that investing in a Roth IRA could be that simple? Well, you can setup an automatic Roth IRA and make it easier to save for retirement […]
The other day I was talking about my favorite financial hack, which is front loading your life. This basically means saving as much as possible as early as possible. Along with my hack, I shared with you one of my favorite quotes that inspired it: The best time to plant a tree was 20 years […]
When it comes to saving for retirement, you have so many options in front of you that it’s difficult to make an excuse not to get started. I’ve never worked for a company that offered employer-based retirement plans — that was my excuse for not getting started. But, the truth is you don’t have to […]
If you are just considering getting started investing, you may be overwhelmed by the first choice on the investment account application: what type of account do you want? The truth is that there are a lot of different accounts for different purposes, so I will try to shed a little light on the more common […]
I’m loving the great questions. I actually waited a week to post this question because I had a post scheduled earlier in the week that would help answer the question. This week’s question comes from Sean, who is struggling to get started investing because he keeps procrastinating…here’s the question: The Question My name is Sean […]
As long as you keep sending me questions, I’ll do my best to answer them each week (if you’re comfortable letting me). You can ask a question here. This week’s question comes from Solomon, who was wondering what the difference is between a Roth IRA and an ETF…check it out: The Question I have a […]
Hi, I’m Kevin McKee from Thousandaire.com and I’m interrupting your regularly scheduled programming today to give you my biggest financial pet peeve. Robert and I are swapping posts today, so you can head over to my site to read Robert’s pet peeve about The Biggest 401(k) Mistakes You Can Make. Have you ever heard someone […]