Roth – Money Guy

Financial Advisor Explains: Backdoor and Mega Backdoor Roth Conversions

Daniel May, CFP® — Wed, 05 Feb 2025 13:00:32 +0000

Building wealth and saving big on taxes? That’s where Roth accounts shine. Let’s dive into how to leverage Roth strategies to maximize tax-free growth and accelerate your financial future.

Should I Maximize My Wife’s Roth IRA Before My 401(k)?

moneyguy2023 — Wed, 20 Dec 2023 17:00:33 +0000

In the Financial Order of Operations, maximizing your retirement accounts is right after maximizing your Roth IRA and HSA. Where does maximizing your spouse’s Roth IRA fall in the FOO? Check out our new 401(k) Ultimate Guide.

Can You Use a Taxable Brokerage Account to Max Out Your Roth?

moneyguy2023 — Wed, 13 Dec 2023 13:00:48 +0000

If you don’t have the cashflow to maximize your Roth IRA, should you use money in your taxable brokerage account to max out your Roth?

Learn why Roth IRAs are so powerful and why they might be the perfect next step on your wealth building journey with our Roth IRA Guide.

Should You Invest in a Roth 401(k) Even if You Are in a High Tax Bracket?

moneyguy2023 — Sun, 19 Nov 2023 13:00:54 +0000

If you are in a high tax bracket, does it ever make sense to make Roth 401(k) contributions? Or is it always better to save on tax now?

Learn why Roth IRAs are so powerful and why they might be the perfect next step on your wealth building journey with our Roth IRA Guide.

Should You Prioritize Roth Contributions Even with a High Income?

moneyguy2023 — Wed, 08 Nov 2023 17:00:31 +0000

If you’ve been saving in pre-tax accounts your entire working life, you may have little to no Roth assets by the time you retire. Should you prioritize Roth even if you have a high income? Learn why Roth IRAs are so powerful and why they might be the perfect next step on your wealth building journey with our Roth IRA Guide.

How to Balance Roth and After-Tax Buckets for Early Retirement

The Money Guy Show — Wed, 23 Aug 2023 17:00:48 +0000

In this highlight, we discuss how to balance Roth and after-tax buckets for early retirement and what you need to consider.

Not Eligible for an HSA or a Roth IRA – What’s the Next Step?

The Money Guy Show — Wed, 16 Aug 2023 17:00:24 +0000

In this highlight, we discuss what you should do if you are not eligible for an HSA or a Roth IRA.

Should I Invest 100% in Roth?

The Money Guy Show — Wed, 09 Aug 2023 17:00:52 +0000

When deciding between contributing to a traditional or Roth 401(k) based on your current tax situation, and for the Mega backdoor Roth conversion, you need to check if your employer’s plan allows it and consider other options if you are in a high tax bracket.

Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps that will help you secure your financial future.

Roth vs. Traditional: Which Is Right For You?

The Money Guy Show — Mon, 17 Jul 2023 17:00:18 +0000

Uncover the secrets behind maximizing your investments and navigating the perplexing world of taxes in this captivating transcript. Delve into the age-old debate of Roth versus traditional investments, where surprising factors like future tax rates and personalized goals take center stage, leaving you eager to discover the tailored financial strategies that can shape your wealth for years to come.

Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps that will help you secure your financial future.

Should You Adjust Your Savings Rate for Roth Investments?

The Money Guy Show — Thu, 13 Jul 2023 13:00:58 +0000

In this highlight, Bo and Brian talk about adjusting your savings rate for your Roth Investments.

Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps that will help you secure your financial future.