4 Simple Backdoor Roth IRA Steps Every High Income Earner Needs To Know

backdoor roth ira

Doctors, dentists and other high income earners are constantly looking for ways to lower their tax burden, especially when retirement rolls around. One of the best methods to achieve this is via the Backdoor Roth IRA. There have been numerous articles written about backdoor Roth IRA steps you can take to convert your traditional IRAs into Roth IRAs. I’m all

» Read more

11 Baby Boomers Retiring Statistics That You May Not Know

Baby Boomers Retiring Statistics

My parents are in the baby boomers category (born between 1946 and 1964) which make up over 25% of the U.S. population. This age group was the largest generational group in U.S. history (about 77 million) up until the millennial generation recently surpassed them. They have and continue to have a significant impact on the economy. Here are 11 baby boomers retiring statistics

» Read more

What I Learned From Investing in Real Estate Crowdfunding Platforms

real estate crowdfunding platforms

Most personal finance sites these days focus on investing mainly in stocks, bonds and index funds. Warren Buffett is a big advocate of index fund investing. If one of the world’s wealthiest individuals says to do it, I’m in. I’ve been investing in Vanguard index funds ever since starting a scratch dental specialist practice. A few years ago I decided to

» Read more

Top 401k Early Withdrawal Exceptions for 2018 and Beyond

One of the most popular U.S. retirement plans is the 401(k). It seems as if each time I listen to the Dave Ramsey show, there’s usually a caller asking the question, “Should I use my retirement money to pay off debt?” There are consequences to doing this but also several 401K early withdrawal exceptions that you should know before considering taking

» Read more