WCI is ten years old this Spring and we’re now on our third 401(k). It’s been a long and winding road. Our first 401(k) was a simple, cookie-cutter Vanguard Individual 401(k). And when I say “our”, I mean “my”, since I was the only one working here and the only one contributing to it. It certainly served my purposes. When ...

Podcast #194 Show Notes: The Backdoor Roth IRA Made Easy Everyone should be contributing to a Roth IRA every year. This is retirement account space that you can’t get back. Many of us need to contribute to the Roth IRA through the backdoor, which can be confusing. In this episode, we discuss what a backdoor Roth IRA is, steps for ...

[Editor’s Note 1/23/2020: This popular backdoor Roth IRA post has been updated with 2019/2020 contribution limits where possible. However, take notice that the video and Form 8606 were created in 2017 and contain contribution limits for that year. The process of filling out the form is still the same regardless of how future contribution rates change so I’ve left them ...

A Roth IRA has a lot of advantages with regards to investing, tax reduction, asset protection, and estate planning.  Even high-earners should be grateful to Senator William Roth, who was the sponsor of the legislation that established them back in the 1990s. The Basics of Roth IRAs Contribution Limits Anyone with earned income can open a Roth IRA and contribute ...

[Editor’s Note: Today’s guest post was submitted by Jonathan Rogg, MD, MBA. Dr. Rogg is the Vice-Chair of Strategy and Operations and an Associate Professor of Emergency Medicine at McGovern Medical School. He regularly lectures to medical students, residents, and attending physicians on financial wellness and physician leadership. In addition to his medical training, Dr. Rogg earned an undergraduate degree ...

[Editor’s Note: Today’s guest post was submitted by Jonathan Rogg, MD, MBA. Dr. Rogg is the Vice-Chair of Strategy and Operations and an Associate Professor of Emergency Medicine at McGovern Medical School. He regularly lectures to medical students, residents, and attending physicians on financial wellness and physician leadership. In addition to his medical training, Dr. Rogg earned an undergraduate degree ...

→ Save time. Save paperwork. Save dollars. Esurance ←