Congress has recently proposed new tax laws that, among other changes, would eliminate the Backdoor Roth IRA strategy beginning in 2022. If you’d like to execute a Backdoor Roth IRA for 2021, or if you need to complete the process for prior years, the smart move is likely to do so before December 31.Read more…
Should You Pay off Debt or Invest?
Posted June 18, 2018
One of the most common questions I get is some version of this: should I pay off debt or invest for the future? You know that both are important, but how do you decide between them? This post shares a 7-step process you can use to make that decision, including a last step that’s almost never discussed and has a huge impact on your end result.Read more…
How to Find the Best Health Savings Account
Posted December 5, 2017
Health savings accounts are a fantastic tool. They are actually the ONLY type of account that lets you save money completely tax-free. But finding a good one can be difficult. There are a lot of variables to consider and it can quickly feel overwhelming. So here are the steps I took to find the best health savings account for my personal needs.Read more…
The Beginner’s Guide to Index Investing
Posted October 10, 2017
There are two main reasons why I’m a big proponent of index investing: 1) It’s easier to implement than just about any other investment strategy, and 2) It works better than just about any other investment strategy. Here’s a comprehensive overview of exactly WHY it works so well and HOW to do it yourself.Read more…
How Much Should You Be Saving for Retirement/Financial Independence?
Posted September 26, 2017
How much money should you be saving for retirement? What monthly contribution will put you on track to reach financial independence on your own terms? In some ways this is the ultimate financial question, and this article walks you through a calculator that shows you exactly how much you need to save each month to get on track.Read more…
