Congress is considering banning backdoor Roth and mega backdoor Roth. Do these to catch the last opportunity before the end of 2021.
Many investors are confused when they report Backdoor Roth on their tax return. It’s very clean if you learn how to do it the easy way.
Follow these detailed step-by-step instructions with clear explanation and many screenshots when you report your Backdoor Roth in H&R Block tax software.
Follow these detailed step-by-step instructions with clear explanation and many screenshots when you report your Backdoor Roth in TurboTax.
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.
It’s not necessary to wring every last drop out of your big wins. Leave some money on the table. It minimizes the chances of something going wrong.
If you did an unplanned backdoor Roth, clean up and make it planned from now on.
The best retirement plan for self-employed persons with no other employees is the solo 401k plan. See the easiest way to set up one.
Happy New Year! News came that Congress passed a fiscal cliff deal, official known as the American Taxpayer Relief Act of 2012. Whether you like it or not, that’ll be the law for now. Rather than doing a run-down for what’s in it, which I’m sure you read everywhere, I will look at one item […]
I can’t say I invented the Backdoor Roth but I was an early proponent of it. If you are not familiar with this concept, a Backdoor Roth means contributing to a non-deductible Traditional IRA before converting it to a Roth IRA. Before the move was ever possible for those who earn "too much," I prepared […]