by chadparker | Jun 3, 2022 | Blog, FAQ's
What is a Backdoor Roth and should I walk through it? If your income is too high to contribute directly to a Roth IRA, you may be a good candidate for using the Backdoor Roth strategy. There are some trap doors though! To learn more, start by reading this...
by chadparker | May 11, 2022 | Blog, FAQ's
If you can faithfully do these four things over a long period of time, you will have done your part to put yourself in a good financial position: Take on no personal debt (other than a reasonable home mortgage). This includes paying cash for vehicles and paying...
by chadparker | Mar 10, 2022 | Blog, FAQ's
Traditional: Tax deduction today, investment grows tax-deferred, distributions at retirement come out as taxable income. Roth: No tax deduction today, investment grows tax-free, distributions at retirement come out completely tax-free. General Rule: The younger you...
by chadparker | Mar 10, 2022 | Blog, FAQ's
Did you know you can get a tax deduction and/or tax credit for making a retirement plan contribution? Contributions to your Traditional and/or Roth IRAs can generally be made up until the tax filing deadline for the prior tax year. You can read more about the...
by chadparker | Feb 22, 2022 | Blog, FAQ's
If you are over 70.5 years old, have money in a Traditional IRA and want to strategically give money to a charitable organization, you should strongly consider making your donation via a Qualified Charitable Distribution (QCD). This is one of the most tax-efficient...
Recent Comments