Mega Backdoor Roth with ERISA 401(k) Plans

[Editor’s Note: Today’s guest post is from Konstantin Litovsky, a long-time WCI partner and an expert in designing low-cost small practice retirement plans.] Much of the information available on the internet and on WCI covers individual or ‘solo’ 401(k) plans. Not a lot is written about Employee Retirement Income Security Act (ERISA) 401(k) plans where…

Grill Cheaply This Summer: 10 Recipes You Need Now

Has the increasing rate of meat provided you sticker label shock as you survey the choices at your regional market or butcher store? United States, too! And we’’ re not picturing it. The Washington Post reports a few of the sharpest boosts in meat rates in almost 50 years were taped throughout the previous 7…

When Should You Open a Roth IRA for Kids?

A lot of people regret not investing in their 20s. But what if you could go back in time even further and invest some of the money you earned from babysitting or mowing lawns in your teens? If you invested $100 a month at age 25 and earned 8% annual returns, you’d have over $320,000…

Doyle Brunson Plans Return to This Fall’s WSOP

On Tuesday, the legendary “Godfather of Poker,” Doyle Brunson, turned some heads in the poker world by declaring on Twitter that he’s planning on a “few select events” in the 2021 World Series of Poker. The WSOP has been moved this year to this fall, running from late September to mid-November, instead of its normal…

5 Pieces of Financial Advice for New Graduates

The first few years after graduating college can be a whirlwind. You might be starting a new job, adjusting to a new city, or trying to make new friends while staying in touch with old ones – or you might be doing all of that and more. By the time things settle down, it’s common…

Your Intro Guide to Cryptocurrency

Cryptocurrency and Bitcoin have actually ended up being progressively popular over the previous a number of years. A growing number of individuals are purchasing cryptocurrency or considering it. Still, there is a great deal of false information of what cryptocurrency is and whether it makes good sense to consist of in your retirement and monetary…