Tax Planning Archives

Backdoor Roth IRA Contributions: An Awesome Opportunity for High-Earners

The Roth IRA is one of my top three favorite types of accounts for retirement savings due to the many long-term tax benefits Roth IRAs provide. Unfortunately, contributing directly to a Roth IRA isn’t available to everyone. If you either don’t have enough earned income or your income, in general, is too high, you will not be able to contribute directly to a Roth IRA. For those of you high-income earners who make too much, there is a nice little planning workaround to consider.

Selling vs. Renting: Should I Sell My House or Rent It Out? A Financial Planner’s Perspective

Maybe you’re moving into a bigger house to fit a growing family, maybe you want to downsize, or maybe you’re relocating for work. Luckily, you’ve done such a good job planning that you have plenty in savings to cover the move and don’t have to sell your current house. Now you’re at a crossroads, though. What should you do — sell your house or use it as a rental?

5 Financial Planning Tips to Turn Your Small Business Income into Personal Wealth

People have many reasons for why they would want to start their own business — following passions, creating a better work/life balance, choosing the people they want to work with (or for), just to name few. The motivation I hear most often, though, is that they want the control over their own destiny and income that owning a business provides (whether that business is a “side hustle” or their full-time source of income).

Articles - Tax Planning

Backdoor Roth IRA Contributions: An Awesome Opportunity for High-Earners

Selling vs. Renting: Should I Sell My House or Rent It Out? A Financial Planner’s Perspective

5 Financial Planning Tips to Turn Your Small Business Income into Personal Wealth

Think we might be a good fit?