Roth 401(k)
The Traditional vs. Roth 401(k) Plan
When it comes to choosing between a traditional and Roth 401(k), you must decide whether you want to pay taxes now, or defer them until later.
July 10, 2023
Roth 401(k)
Maximizing Roth Contributions if You Are Self-Employed
One benefit of being self-employed is maximizing Roth contributions via a Solo 401(k) or SEP IRA so you can enjoy a tax-free retirement.
May 24, 2023
Roth 401(k)
Can I Still do a Mega Backdoor Roth Solo 401(k) Contribution This Year?
Even though Tax Day has passed, if you filed for an extension you can still perform a Mega Backdoor Roth Solo 401(k) for the 2022 taxable year.
April 24, 2023
Roth IRA
Backdoor Roth vs. Mega Backdoor Roth
The Backdoor Roth IRA and Mega Backdoor Roth 401(k) are different, albeit similar, strategies one can use to have a tax-free retirement.
March 28, 2023
Solo 401(k)
Solo 401(k) Tax Strategy – Maximize Contributions
Solo 401(k) Tax strategy allows retirement investors to make non-deductible contributions. Not all custodians allow this, but IRA Financial Group does.
December 13, 2022
Roth 401(k)
When to do a Roth Conversion – Advice from a Tax Attorney
Exactly when to do a Roth conversion is an individual decision. IRA Financial’s Adam Bergman offers advice as to the best time to perform one.
August 26, 2022
Roth 401(k)
Is the Mega Backdoor Roth Solo 401(k) Still Legal in 2022?
The Mega Backdoor Roth Solo 401(k) is still a legal, retirement savings vehicle in 2022.
August 10, 2022
Solo 401(k)
Is the Solo 401(k) the Same as the Roth Solo 401(k)?
The major difference between a Solo 401(k) plan and the Roth Solo 401(k) plan is when taxes are levied – now or later; the choice is yours!
July 25, 2022
Roth 401(k)
Can I Still do a Mega Backdoor Roth Solo 401(k) Contribution in 2022?
As of this writing, the Mega Backdoor Roth contribution is still in play. Whether that remains the case is something to be determined.
January 12, 2022
Solo 401(k)
Roth Solo 401k
A Roth Solo 401(k) plan is advantageous because it has the same benefits of a Solo 401(k), with the ability to generate tax-free income and gains.
December 4, 2021
