Every December, financial advisors ask high-earning clients: have you done your backdoor Roth yet? The mechanics are straightforward and the financial stakes are real. For anyone earning too much to contribute directly to a…
Most executives who participate in non-qualified deferred compensation plans spend more time thinking about how much to defer than about the rules governing when they can get it back. That is a costly oversight.…
High earners who execute the backdoor Roth IRA correctly can still generate an unnecessary tax bill through one specific timing error. The strategy itself is sound. The execution is where the money leaks. High…
Live Updates Nasdaq Resilience 12:31pm ETThe Nasdaq Composite is on a historic run. The tech-heavy index has clawed back all of its losses from both the Iran war market sell-off and the earlier AI…
While many high-income professionals believe they are barred from Roth IRAs due to their tax bracket, a powerful strategy embedded in certain 401(k) plans allows them to move up to $47,500 into tax-free accounts…
In November 2021, the House of Representatives voted to kill two of the most powerful tax strategies available to high earners. The Build Back Better Act tucked in a provision that would have eliminated…
Every year, thousands of high earners follow the same advice: make a non-deductible traditional IRA contribution and immediately convert it to a Roth. The backdoor Roth strategy is legal, well-documented, and genuinely useful. It…
High earners who execute the backdoor Roth IRA correctly still generate an unnecessary tax bill through one specific timing error. The strategy itself is sound. The execution is where the money leaks. High Earners…
Live Updates Tech Turns Higher 12:47pm ETThe markets are clawing back earlier losses, including tech stocks, sending the Nasdaq Composite higher by 0.53%. Today’s biggest tech gainers include Microsoft (Nasdaq; MSFT), Broadcom (Nasdaq: AVGO)…
Live Updates Oil Prices 12:39pm ETWTI Crude and Brent Crude are both trading higher today, inching closer to the $100-per-barrel level once again. According to reports, the energy index rose by nearly 11% last…
Live Updates Market Turnaround12:52pm ETThe markets have recovered earlier losses in a whipsaw trading session, with all three of the major stock market averages now in the green. The Nasdaq Composite is up 0.58%.…
Live Updates Biggest Gainers11:53am ETHere’s a few of the stocks driving today’s market rally: Carnival Corp (NYSE: CCL) is up 10.5%. United Airlines (NYSE: UAL) is gaining 10.2%. Ciena Corp (NYSE: CIEN) is tacking…
Live Updates AI Spending Spree12:55pm ETOpenAI and Anthropic are both projected to dramatically ramp up model training spending through the end of the decade, with OpenAI alone expecting to direct $121 billion toward AI…
Live Updates JPMorgan on TESLA 12:55pm ETJPMorgan analysts reemphasized their “underweight” rating on Tesla (Nasdaq: TSLA) stock with a $145 price target, suggesting the stock is overvalued by nearly 60%. Tesla shares are down…
Live Updates War Costs Hit Amazon 1:21pm ETIn hindsight, it was only a matter of time. Amazon (Nasdaq: AMZN) is reportedly tacking on a 3.5% fuel and logistics surcharge for third-party sellers in the…
Live Updates Market Gains Hold12:50pm ETThe markets are holding onto their gains across the major indices: Dow Jones Industrial Average: 46,752 Up 0.89% Nasdaq: 21,964 Up 1.73% S&P 500 6,602 Up 1.13% Market Gainers10:54am…
Live Updates Quantum Crypto 1:21pm ETGoogle researchers are warning crypto projects, including Bitcoin and Ethereum, to ramp up security because quantum computers could crack it in a matter of minutes. Snap Soars…
Live Updates Steady Powell 12:43pm ETFed Chairman Jerome Powell made the speaking rounds today, suggesting that the central bank wouldn’t let oil prices determine its next move on interest rates. He suggested the Fed…
Live Updates Volatility Soars12:10pm ETStock market volatility is soaring, with the CBOE Volatility Index (VIX) index up over 5% today. The VIX, also known as the market’s “fear gauge,” is rising despite the White…
Live Updates Microsoft Hiring Freeze 1:46pm ETMicrosoft (Nasdaq: MSFT) executives have reportedly told their managerial staff to put any new hires on hold, according to a report in The Information. MSFT stock is down…
