A backdoor Roth IRA contribution can be a great way for high-income earners to convert their traditional IRA to a Roth IRA... if they qualify. Here is a simple flowchart to help determine if this tax reduction strategy is right for you.
Beneficiaries are not always top of mind, but we think it's important to review them on a regular basis (at least annually). Named beneficiaries can help avoid probate and simplify estate administration. Here is a simple checklist of things to consider when reviewing your beneficiaries.
If you're anything like us, you're thinking about your next vacation - hopefully somewhere sunny and warm! Here are some travel planning tips for your next big adventure!
The start of a new year provides the opportunity to update your financial plan and goals. We've broken down a few items that may be helpful to consider.
With the start of a new year comes updates to many important numbers - contribution limits for retirement accounts and Health Savings Accounts, gift exemption limits, as well as the wage base for Social Security taxes.