Backdoor Roth: Not so “Hush-Hush”

Backdoor Roth: Not so “Hush-Hush” Backdoor Roth: Not so “Hush-Hush” February 1, 2024 Summary: If your Modified Adjusted Gross Income (MAGI) is too high to make direct Roth IRA contributions, backdoor Roth contributions can be made. Be aware of pro-rata taxation of pre-tax IRA assets when implementing backdoor Roth. Backdoor Roth contributions may be optimal

4 Simple Ways to Financially Prepare for 2024

4 Simple Ways to Financially Prepare for 2024 4 Simple Ways to Financially Prepare for 2024 January 1, 2024 Setting and pursuing new goals isn’t confined to a calendar. However, there’s a distinct sense of purpose and momentum that accompanies the start of a new year, making it an opportune time to lay the groundwork

Secure Act 2.0: Reminders for 2024

Secure Act 2.0: Reminders for 2024 Secure Act 2.0: Reminders for 2024 December 1, 2023 On December 29, 2022, the SECURE Act 2.0 (SECURE 2.0) was signed into legislation. Many provisions included in the bill will be phased into effect over the next several years. Here are some of the notable provisions for individuals that

Having Kids? Financial Items to Consider

Having Kids? Financial Items to Consider Having Kids? Financial Items to Consider July1, 2023 You found the spouse of your dreams and got married. So now what?! For some, the next step is to have kids. While having children can be the greatest gift ever received, it is important to remember that they are expensive

5 Considerations When Renting Your Home

5 Considerations When Renting Your Home

5 Considerations When Renting Your Home 5 Considerations When Renting Your Home June 1, 2023 Generating rental income can be an excellent way to earn passive income, while offsetting some of your expenses! Here are a few key considerations to keep in mind when renting your house: Research the Market Research rental rates for similar

Budgeting: The Nose Game

Budgeting: The Nose Game Budgeting: The Nose Game March 6, 2023 A budget is a tool for allocating your income; budgeting can be helpful in meeting short and long-term goals Get started by determining after-tax income and how income can be allocated Track spending and savings on an ongoing basis to determine if you are