The long-running debate on whether a backdoor Roth is legal is over. While the Backdoor Roth IRA strategy has been employed by high-income individuals since 2010, its legality was questioned by some because of the IRS step doctrine. With the … Read More
Phishing scams can wreak havoc on your finances by tricking you into providing thieves with personal identifiable information through fake websites or even over the phone. It used to be that phishing was limited to emails received from what appeared … Read More
Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, … Read More
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. New rules will affect income taxes, deductions, college savings, and more. Here’s a look at some of the more important elements of the new law that have … Read More
The end of the year is fast approaching and if you are 70½ you only have until December 31st to complete your required minimum distribution (RMD) from your retirement account(s). That is, if you want to avoid a stiff penalty. … Read More