Sneaking in the Backdoor

With April 15th just behind us, many investors consider using tax refunds to bolster retirement savings. Roth IRAs are a great way for many investors to grow their retirement nest egg free of tax implications. Unfortunately, the ability to contribute directly to a Roth IRA is phased out for high income earners. In 2019, the [...]

Steps Toward Reducing Your Investment Tax Bill

With April 15th right around the corner, many people are busy filling out their tax returns and hoping for a nice refund. However, if you find that taxes on your investments are causing you to pay a hefty tax bill, there are some simple steps you can take to reduce next year’s tax bill. First, [...]

Sneaking in the Backdoor

Roth IRAs are a great way for many investors to build tax-free retirement savings.  Unfortunately, the ability to contribute directly to a Roth IRA is phased out for high income earners. In 2018, the ability to contribute directly begins to phase out starting at $120,000 for individual filers and completely phases out at $135,000.  For [...]