Intuit Apologizes, Offers Refund, Stands Firm On TurboTax Feature Changes

Intuit, the maker of TurboTax, continues to deal with the PR and customer relationship problem following the removal of certain features from the TurboTax Deluxe desktop product. It issued an apology, offered a $25 refund to certain affected customers, but it's standing firm on the feature changes. This means come next year you will still have to pay up for the Premier or Home & Business edition if you want those "advanced" schedules. $25 Refund Intuit is offering a $25 refund to those who [...]

How To Report Backdoor Roth In H&R Block Software

I wrote How To Report Backdoor Roth In TurboTax back in 2012 to help people navigate TurboTax to account for backdoor Roth on the tax return. I will update it shortly with new screenshots from the latest software. This year some of you may have [...]

From Aggressive Saving To Living Paycheck To Paycheck

2014 was a great year for my family. Our net worth had a healthy increase. We are ready to launch the second phase of our long term strategy in 2015. 2015 will mark the beginning of significant changes in our life. My wife and I had significant [...]

Mega Backdoor Roth In Solo 401k: Control Your Own Destiny

Today we revisit the issue of doing the mega backdoor Roth in a solo 401k for those of you who are self-employed. For more background on solo 401k, please read Solo 401k When You Have Self-Employment Income. As I mentioned in the previous article The [...]

Mega Backdoor Roth and Access To Your Money Before 59-1/2

In other articles I showed that contributing to after-tax 401k/403b and rolling it over to Roth IRA (the "mega backdoor Roth") is great if your 401k/403b plan allows it. It's still worth it even if you have to wait a few years before you can roll it [...]

Mega Backdoor Roth Without a Big Paycheck

Life isn't fair. Some people want to do the mega backdoor Roth (see previous article The Elusive Mega Backdoor Roth), and they can afford it, but their 401k/403b plans don't let them. Some people are in a plan that allows it but if they go full tilt [...]

Mega Backdoor Roth Without In-Service Distribution

I'm encouraged by the result of my anonymous poll on the availability of non-Roth after-tax contributions in your 401k or 403b plans. Indeed a good 40% of respondents reported having it available. It's not that elusive after all. This is really good [...]

Expert Interview on Mint

As part of its Expert Interviews series, personal financial account aggregation and analytics site Mint.com interviewed me. Among other questions I was asked what are some common misconceptions about investing I see floating around, and what are some [...]