Contributing to a Roth IRA can be an important component of your retirement savings plan. However, you may be unable to make a regular contribution to a Roth IRA if your income is too high. Thankfully there is a way around the Roth IRA’s income limit with a strategy known as a backdoor Roth … [Read more...]
Backdoor Roth Contribution
Lump Sum Pension Options
Although increasingly rare, you may be a participant in an employer-provided pension plan, which can make up a considerable portion of your expected retirement benefits. If you are nearing retirement or are already receiving ongoing pension payments, you may have the option to choose a lump sum … [Read more...]
Estimated Tax Payments
Income tax planning is critical to your financial success, but navigating our complicated federal “pay-as-you-go” income tax system can be difficult. Adding further complexity, you must understand and adapt to frequent changes in tax laws and in your personal circumstances. Each tax year, it is … [Read more...]
Health Insurance Through the Marketplace
Health insurance coverage is often a primary concern for those who are retiring early. Understanding the different available options, and weighing the pros and cons of each, can be a complicated and stressful process for early retirees. To help, we have provided this “If I Retire Early, Should I … [Read more...]
Documents for 2023 Tax Returns
Filing your taxes is never fun. Whether you are working with a tax professional or preparing your tax returns on your own, getting your tax documents pulled together can be stressful. This checklist covers the key issues to consider when preparing to file your tax return, such as: Documents … [Read more...]