How to Give Your Child $1 Million Tax-Free

One of my client's families asked me how to get their 20-year-old daughter, Susan, started on a lifetime of investing. They asked specifically about savings bonds because conventional wisdom says that savings bonds are a “safe” investment.

David Edwards, Good to Know, Investing and Markets, Working with Heron WealthDavid EdwardsNovember 4, 2021Heron WealthInvesting, Roth IRA, Bonds, Stocks, CompoundingComment

Mega Backdoor Roth, Part Two: Is the Mega Backdoor Roth Strategy Right for Me?

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.

Chris Jennings, Financial Life Stages, Retirement Planning, Working with Heron Wealth, Good to KnowChris JenningsNovember 2, 2021Retirement, Retirement Planning, Roth IRA, Mega Backdoor RothComment

Mega Backdoor Roth, Part One: A Primer on Non-Roth After-Tax Contributions

Mega 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.

Chris Jennings, Financial Life Stages, Good to Know, Retirement Planning, Working with Heron WealthChris JenningsOctober 28, 2021Roth IRA, Mega Backdoor Roth, Non-Roth After-Tax Contributions, Wealth ManagementComment

Does your income level allow you to contribute to a Roth IRA?

Roth IRA’s are a fantastic, tax-efficient way to save for retirement, but the rules around who can contribute, and how much, are complicated.

Tax and Estate PlanningChris JenningsApril 12, 2019Heron WealthRoth IRA, Tax, IRSComment

Answers & Observations