If you are a high-income earner who wants to save more for retirement in a tax-advantaged way, you may have heard of the mega backdoor Roth IRA. This strategy allows you to bypass the income and contribution limits for Roth IRAs and potentially save up to $43,500 in a Roth account in 2023. Sounds too … Read more
Introduction Retirement is a crucial stage in life, where one can enjoy the fruits of their labor without the stress of daily work. It is essential to plan and save for this stage in life, so you can live comfortably without having to worry about finances. This blog aims to answer some of the most … Read more
What is 401k in USA? A 401(k) plan is a type of employer-sponsored retirement savings plan in the United States. It is named after the section of the Internal Revenue Code that governs them. Employees can choose to have a portion of their paycheck automatically deposited into their 401(k) account, and these contributions are often … Read more