You can still take advantage of non-Roth after-tax 401k or 403b contributions even if it will make your paycheck very small.
Latest Blog Posts
Mega Backdoor Roth Without In-Service Distribution
Even if your plan does not allow in-service distributions, chances are you should still make non-Roth after-tax contributions. Just wait until you change jobs and roll them into a Roth IRA.
Expert Interview on Mint
My interview on mint.com.
The Elusive Mega Backdoor Roth
If your 401k/403b plan cooperates, you can put up to additional $35,000 per year into your Roth IRA. Find out if you are lucky or not.
Young Investor: OK to Invest 100% In Stocks?
Why does Vanguard put people into 90% in stocks in the first 15 years in its target date funds? Is there a big difference between investing 90% in stocks and investing 100% in stocks?
Solo 401k CP 214 Notice: Much Ado About Nothing
Don’t worry if you receive a CP 214 notice from the IRS. It’s just a reminder.
Change Your Cost Basis Method From Average Cost To Specific Identification
Vanguard, Fidelity, and Schwab default cost basis tracking method to average cost for mutual funds. Here’s how you can change it to specific identification to minimize taxes.
Rebalancing: Sell High, Buy Higher
Rebalancing between stocks and fixed income isn’t buy low sell high. Most likely you will sell high buy higher.
IRS Guidance On Circular Reference in ACA Premium Subsidy and Deduction
The IRS provided guidance on how to solve the circular reference math problem between the premium subsidy under Obamacare and the health care premium deduction for the self-employed.
Bonds Had Good Returns: Wrong In CDs?
Bonds had surprisingly good returns in the first half of 2014. However, you are still better off in CDs.