A step-by-step tutorial for how to do a backdoor Roth IRA, including links to articles on how to report it on the tax return.
Latest Blog Posts
Why Buy When You Know The Price Is Not The Lowest
It’s not possible to buy at the lowest price. When the bottom comes, you can’t tell.
P2P Lending Versus Investing In Consumer Finance Companies
If you find P2P lending attractive, why wouldn’t you consider investing in consumer finance companies? High interest rates aren’t enough. You must also properly account for risk.
The Biggest Rock In Financial Success
The biggest rock in person finance is larger than everything else combined. Don’t get distracted and take your eyes off the ball.
The Best Visa Card To Use At Costco Is Not The Costco Visa
The best Visa card to use at Costco is not the Costco Visa. It’s the Bank of America Cash Rewards card with the Preferred Rewards program at the 75% bonus tier.
Opportunity Cost and The Concept of Enough
“Enough” is too loose to be useful. It can moved up or down depending on the opportunity cost.
Proactively Protect Your Account Against Fraud
Consumers should play an active role in protecting themselves against fraud.
Deathbed Regret And The Puritan Work Ethic
Many dying said they wished they didn’t work so hard. It contradicts with the Puritan work ethic. Who’s right?
Cheer For The Second Best
The second best is still far better than many poor choices.
Early Retirement and Comparative Advantage
It makes little sense to retire early on a shoestrings budget that requires you to substitute your own labor for hired labor.