Categories
Early Withdrawals for Roth IRAs, Backdoor Roth IRAs, & Mega Backdoor Roth 401ks
Just like how the principal of Roth IRAs can be withdrawn tax-free & penalty-free, the same can be done with Backdoor Roth IRAs & Mega Backdoor Roth 401ks if certain rules are followed.
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Social Security Taxation & Avoiding Reduction of Benefits While Working
Social Security benefits may be taxable depending on your income level in retirement, and if you decide to take SS early before your full retirement age, you may receive a reduction in benefits if you are still working.
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Backdoor & Mega Backdoor Roth Strategies
Backdoor Roth strategies which allow high-income earners to still contribute to a Roth IRA and potentially super-contribute to their Roth 401k
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What is IRMAA?
An explanation of the IRMAA surcharge for Medicare Part B & D, and how you can avoid or lessen the amount you owe.
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A Brief Overview of Medicare
An explanation of the various components of Medicare, what you’ll need to know before signing up, and how you can shop around for a plan.
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Do Retirement Accounts Make Sense if I Plan to Retire Early?
Retirement accounts can be accessed before 59.5 in a variety of ways that avoids any early withdrawal penalty.
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Highlights from SECURE 2.0 Act
The SECURE 2.0 Act, signed into law on December 23, 2022, has an extensive list of changes relevant to retirement planning. The following is a brief overview of some of the changes:
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Kiplinger.com: Like IRAs, HSAs Can be Valuable Retirement Savings Vehicles
Typically, health savings accounts (HSAs) are used as savings accounts for medical expenses, providing tax-deductible contributions and tax-free withdrawals.
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