If you’re a high earner, you may have heard that you can’t contribute to an IRA. And you’d be justified in feeling like that’s a pretty raw deal. After all, you work hard for your money and you want it to work hard for you. Lucky for you, there’s a way around the rules and it’s called the Backdoor Roth IRA.Read more…

There’s a lot of retirement advice out there for people with traditional jobs. But what if you’re self-employed? Or what if you’re earning a little money on the side and want to save it for the future? In this post I break down the best retirement accounts for the self-employed. What are your options and why would you choose one over the other?Read more…

My wife and I didn’t make all that much money in 2014, mostly because I’ve spent the year starting my business. And while everyone likes to make money, there are some silver linings to having a year with lower income. We’re taking advantage of our lower income in two specific ways, both of which will save us money on taxes years down the line.Read more…

A Roth IRA for college savings? But isn’t a Roth IRA supposed to be for retirement? It is, but it has a few characteristics that also make it a reasonable place to put your college savings, especially if you want the option of using the money for retirement instead of college. There are pros and cons to this approach, and today we’ll look at the pros.Read more…