The Roth Super Blog: The Backdoor Roth, the Mega Backdoor, and Why Your Own 401(k) Might Be Sitting on Free Roth Space
Inevitably, several times a year when a client brings up contributing to their Roth IRA, we run into the problem where they make too much money to directly contribute. The good news is that there are multiple ways to accumulate Roth assets even if you are above the adjusted gross income (AGI) limit. The Backdoor […]
SEP IRA vs. Solo 401(k): Which Is Better for Self-Employed Business Owners?
On numerous occasions a business owner has sat across from me with a SEP-IRA already open, funded, and humming along, simply because that’s what their CPA told them to do five years ago. It’s understandable, SEP-IRAs are the default answer because they’re easy to explain in a five-minute conversation at tax time. But “easy to […]