Opportunity for High Income Earners – the Backdoor Roth Conversion

This week, five years ago, was a period that financial journalists dream about.  We were ushering in the new year of 2010 and significant impending tax law changes provided a bevy of important topics that consumers needed help navigating.  There was the elimination of federal estate and gift tax, the return of IRA required minimum distributions [...]

Cheap Fouls and Unnecessary Insurance

Players in a college or high school basketball game are limited to 4 fouls and disqualified from competition upon receiving 5 fouls.  This limitation is intended to discourage players from consistently fouling to maintain the pace of play. In basketball, there are good fouls and bad fouls.  A good foul could be the result of commendable [...]

The Best Retirement Plan for Self Employed Individuals

In financial planning, the right answer to most seemingly simple questions is nearly always “it depends”.  How much life insurance do I need?  Should I contribute to a traditional 401k or a Roth 401k?  Should I use a will or revocable trust for my estate?  How much can I plan to safely distribute from my [...]