The Roth IRA is one of the premier account choices when saving for retirement. However, it remains out of reach for some savers due to high-income restrictions. The backdoor Roth strategy provides a solution for many to overcome this obstacle.
Health Savings Accounts (HSAs) allow individuals with high-deductible health plans to save for medical expenses by offering a triple-tax advantage. Despite the significant benefits, recent studies suggest that only 10% of Americans utilize HSAs, even though they were introduced in 2003. Learn more in this HSA guide about eligibility, triple-tax advantage, and other important planning considerations.
Despite some inflation worries, markets soared in Q1, driven by optimism about growth and future interest rate cuts. Will stocks continue to rise? Is that predicted recession still coming? Let’s take a look at what happened in Q1 and what might happen next.
Restricted stock units (RSUs) are a type of equity compensation for high-earning professionals. Learn more about key terms, taxable consequences, and whether to keep or sell RSUs after they vest.
Non-qualified deferred compensation (otherwise referred to as deferred compensation or NQDC in this article) is an employee benefit available for some high-earning tech professionals planning their financial future.
This guide is to help you understand deferred compensation so that you can defer taxes, control income, and grow wealth tax-efficiently.
