How to Backdoor Your Roth IRA - Alex Szarka

How to Backdoor Your Roth IRA

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Roth IRAs are an excellent way of diversifying your retirement savings. Most people have the vast majority of their retirement savings in some form of employee sponsored defined contribution plan such as a 401(k) or 403(b). These plans are often…

4 Common 401(k) Pitfalls

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  If you are saving for retirement, like many Americans, your main vehicle to do so is probably some form of defined contribution plan such as a 401(k) or 403(b) plan. The problem is the average American is not saving enough and many…

Roth IRA: The Great Retirement Diversifier

I cannot stress enough the importance of socking away as much money as you can for retirement as early in your working years as possible. If your employer offers a sponsored retirement plan, at the very least, you should be contributing enough…

Night of the Living Debt

Susan and Tom were in their early thirties, and both had promising careers. Having only been married a few years, they had met with a financial advisor to discuss strategies for their growing family. Susan was due with their first child in…

Should You Save For Retirement or Your Children's College?

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As a parent of two boys (and soon a girl), it’s natural for me, as I’m sure it is for you, to always want to put your child’s needs first. But as a financial advisor, I usually recommend to my clients to put their child’s college second…

Think You Maxed Out All of Your Retirement Accounts? Think Again.

Many people know that they can shelter their income from taxes by maxing out their contributions to their 401k and Roth IRA each. But what if I told you that there was another way that you could find even more tax savings for your income? If…

Using a Health Savings Account for Long-Range Tax Savings

  Health Savings Accounts: you are eligible if you are covered by a high-deductible health plan. Using a Health Savings Account can help you gain a significant tax advantage over the year rather than to just simply cover your current…

Your Unseen Killer Debt

Killer debt: some 43 million American -- nearly one in five adults -- have overdue medical bills tarnishing their credit reports. Unfortunately for some, these unpaid medical debts may be the result of errors and inconsistencies related to America’s…