Smart IRA & 401(k) Moves – Creating Tax-Free Retirement Money
High earners often think Roth IRAs are off-limits – but that’s not the case. Two strategies can still get money into Roth accounts: ✅ The Backdoor Roth – contribute to a Traditional IRA, then move it into a Roth IRA. ✅ The Mega-Backdoor Roth – make after-tax contributions in a 401(k), then roll them […]
Interest Rates Are Falling – Here’s What to Consider
After several years of rising rates, we’re finally seeing the cycle turn. A lower-rate environment can create both opportunity and risk, depending on how you prepare. In this week’s video, Fan shares three smart moves to think about as interest rates decline: 1) Run the numbers on refinancing — lower rates could mean lower payments […]
Turning College Savings Into Retirement Savings – 529 to Roth IRA Transfers
What happens if your child doesn’t use all of their 529 college savings? The SECURE 2.0 Act provides a powerful answer: up to $35,000 per beneficiary can be rolled tax-free from a 529 into a Roth IRA, if the rules are met. ✅ The 529 must be open at least 15 years✅ Only contributions older […]
Health Savings Accounts: The Triple-Tax Advantage You Shouldn’t Overlook
When it comes to tax-efficient savings tools, few accounts rival the Health Savings Account (HSA). Originally created to help people cover healthcare costs, HSAs have quietly become one of the most flexible and powerful vehicles for building long-term wealth. What Makes an HSA Unique An HSA is available to anyone enrolled in a qualifying High-Deductible […]
Tax Planning for Taxable Accounts: Understanding How Your Investments Are Taxed
When it comes to managing wealth, one of the biggest opportunities for improving returns isn’t just what you invest in—but where you hold those investments. Understanding the taxation of taxable (or “non-qualified”) accounts helps you keep more of what you earn after taxes, making it a cornerstone of comprehensive financial planning. The Basics: Ordinary Income vs. Capital Gains Investment […]