Browsed by
Tag: Tax optimization

The Mega Backdoor Roth When Your After-Tax 401(k) Has Gains

The Mega Backdoor Roth When Your After-Tax 401(k) Has Gains

Comments 0 Comment

Background

The mega backdoor Roth is one of the most powerful tax maneuvers available to someone whose 401(k) plan allows after-tax contributions and in-service withdrawals. The basic idea is straightforward: you contribute after-tax dollars to your 401(k), then move that money into a Roth IRA, where it grows tax-free forever. No income limits. No conversion drama.

…

Read More Read More

How I Manage My Health Savings Account

How I Manage My Health Savings Account

Comments 2 comments

How I manage my HSA

A lot has been said about a Health Savings Account (HSA). It is by far the best tax-advantage vehicle created by mankind that allows eligible individuals to divert a portion of their income to an account from which they can reimburse eligible expenses tax-free and efficiently save for present or future health care expenses. If you have not yet taken advantage of an HSA, I highly encourage you to think about it but more importantly, to do your due diligence to evaluate if it would be beneficial for your personal situation. …

Read More Read More