Earning too much for a Roth IRA? There’s a workaround. Let’s explore how high-income earners can still take advantage of Roth accounts. Key Points: Introduction: Hey, high rollers! If you’re raking in the big bucks, you might think a Roth IRA is off-limits. But hold on—there’s more to the story. Let’s dive in. Roth IRA […]
Roth accounts
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Your Roth conversion could be a goldmine—or a landmine. Let’s explore the strategy of converting multiple asset classes into multiple Roth IRAs. Key Points: Introduction: Hey there, future retirees! You’ve probably heard about Roth conversions, but have you ever thought about asset allocation while doing it? It’s a game-changer, and we’re about to tell you […]
The 5-Year Rule in Roth IRAs: A Timeline You Can’t Ignore
The 5-Year Rule in Roth IRAs: A Timeline You Can’t Ignore
Five years in a Roth IRA can make or break your tax-free withdrawals. Let’s decode the 5-year rule that everyone should know about. Key Points: Introduction: Hello, financial enthusiasts! You’ve probably heard about the 5-year rule in Roth IRAs. It’s a timeline that can either be your best friend or your worst enemy. Intrigued? Let’s […]
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Think you can dodge taxes with Roth recharacterization? Think again. Let’s unveil the complexities of the pro-rata rule. Key Points: Introduction: Hey, financial aficionados! Ever thought about recharacterizing your Roth IRA contributions? It sounds like a simple “undo” button for your Roth conversion, but it’s not that straightforward. Let’s dive in and demystify the pro-rata […]
Amazon’s 401k & Roth Conversion
Amazon’s 401k & Roth Conversion
Introduction Welcome to a comprehensive guide to understanding your 401k, specifically tailored for my friends at Amazon. As an experienced financial planner, I’ve had the privilege of helping countless clients navigate their retirement planning, and today, I’m here to help you. Let’s dive into the exciting world of 401k planning and Roth conversions. Firstly, congratulations! […]