The Mega Back-Door ROTH Strategy

The Mega Back-Door ROTH Strategy

Table of Contents: Room for More Savings 401(k) Contributions 401(k) Limits Making the Most of the $57,000 Overall Limit Using the Mega Back-Door ROTH Room for More Savings What if you have saved enough to fully fund your emergency fund and maximize the annual...
The Mega Back-Door ROTH Strategy

Will Biden’s Tax Plan Affect You?

Table of Contents: The Legislation Process Biden's Proposals The Impact President Elect Biden’s Tax Plan There is still a lot of uncertainty surrounding the recent Presidential Election, but it appears Joe Biden and his administrative will take over in...
The Mega Back-Door ROTH Strategy

How to Fund Your HSA

Table of Contents: I Love Health Savings Accounts Choosing Your HSA Provider Contributions Through Payroll Contributions Via Transfer or Check Take a Look Before Year End I Love Health Savings Accounts You know I love the Health Savings Account (HSA). If you didn’t...
The Mega Back-Door ROTH Strategy

The Best 529 Plans for Texans

Table of Contents: 529 Plans Best 529 Plans for Texas Residents Low Cost User Friendly Platform In Summary 529 Plans Three weeks ago, I was introduced to a new reason to research 529 plans. Our first child was born and so began the process of setting up a 529 plan. My...
The Mega Back-Door ROTH Strategy

Taxable Brokerage Accounts

Table of Contents: Savings Vehicle Allocation Sequential Savings The Difference After-Tax Value 30 Years of Consistent Contributions Takeaways Savings Vehicle Allocation Much has been written about asset allocation. Large cap versus small cap, domestic versus...
The Mega Back-Door ROTH Strategy

529 College Savings Plans

Table of Contents: Saving for College Sequential Savings Contributions to 529 Plans Investments & Growth Distributions Is the 529 Plan the Right Vehicle? Saving for College According to the Office of Federal Student Aid, student loan debt exceeded $1.51 trillion...