It has been a rocky year for tech stocks. Since peaking in January, the tech-heavy Nasdaq is down nearly 5,000 points (about 30%).
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When you hear the word “convert,” you probably think of something other than retirement accounts. Converting that extra room to a recording studio, maybe, or converting an itinerant blog post reader to a client
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Depending on the specifics of your employer’s 401(k) plan (which you can access anytime by referencing the Summary Plan Description, or SPD), Mega Backdoor Roths via NRATs offer a ton of upside.
Read MoreMega Backdoor Roth strategies have been in the news (not to mention Congress) a lot lately. In Part One, I review what they are, how they work, and how they differ from other retirement account strategies.
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Retirement doesn’t look like it used to — and for good reason. For prior generations, age 65 constituted a threshold between the working world and the leisure world. Once you crossed it, you took your gold watch, your pension, and your savings, and kicked back in some tropical locale.
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Chances are, if you’ve reached a point in your career where your employer has granted you Incentive Stock Options (ISOs) or Restricted Stock Units (RSUs), you’re doing great. Both ISOs and RSUs are reserved for highly valued members of a company, people that organizations really want to retain for a long time. So, first things first, nice work!
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It is important to understand how we feel about risk and how it impacts our finances and investments.
Risk, if properly managed, can actually work to our advantage.
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What’s the number one mistake investors make when markets decline?
Panic selling.
It’s an emotional reaction to the sting of a correction.
And it usually trades one problem for another—it replaces fear with seller’s remorse.
You can avoid all of that if you know the facts about market corrections.
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Creating a reliable income stream is complicated when a recession or bear market throws the rules out the window, isn’t it?
With the effects of the COVID-19 shutdowns wreaking havoc on the economy, wouldn’t it be nice to know that your retirement income plan is up-to-date in the face of uncertainty?
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With recent legislation to help small businesses deal with the impact of the coronavirus pandemic, it has become very confusing to keep all the eligibility rules straight and the types of relief small business owners can receive.
The attached checklist covers the following key planning points:
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