A backdoor Roth is a strategy for getting money into a Roth IRA if you’ve exceeded the income limits to contribute directly by transferring money from a traditional IRA. In this process, the pro-rata rule applies. Read this article to learn how it all works.

Figure out how to calculate the amount you’ll have saved for when you retire and what you need to be comfortable.

The big question of the year is what to do with your money in these uncertain times? With banks paying next to nothing on the cash in your accounts and the stock market dropping, where can you make a decent return while keeping your money protected?  Have you heard of an I Bond? Otherwise known […]

Today we’ll be breaking down the basics of how stocks work! When you buy stocks, you’re buying a tiny portion of a company. The number of shares doesn’t really matter.  As an example, when you buy one $200 share of Apple you now own $200 of Apple. If you were to buy forty $5 shares […]

What even is a 401k rollover? This just means moving money from your employer retirement account once you no longer work for them. You have a few options when doing this! You can take that money and cash it out. BEWARE: you will have to pay a penalty as well as taxes on the money […]

Everyone has a different lifestyle and different needs, so it’s obvious that no one method will work for everyone when it comes to planning for retirement. Today, we’re going to discuss why it’s important. This is pretty simple for me: I want to tuck money aside for the long term so that eventually I will […]

Today I’ll break down 5 common investment terms you need to know in order to know what options you have when investing your money.  A stock is a portion of a company. Think of it like a pie! If the pie is cut into slices, stocks are the slices. If the company grows, your slice […]

When it comes to retirement, things can get stressful! Let’s walk through your retirement options and break them down to see what fits for you! The three most common types of retirement accounts include a 401k or 403b, a traditional IRA, and a ROTH IRA.  The first step is to check with your employer and […]

Starting your journey to financial freedom can seem intimidating, so today I’m going to give you five tips on how you can get your finances in order. First of all, find your why. Why is it so important to you that you get your finances straight? Take a moment and write it out to look […]

When starting your investment journey, picking where to invest in index funds is important. The two firms we will be talking about today, Fidelity and Vanguard, have a few key differences. When looking at what they each offer, pay attention to fees and performances. I like to compare funds side by side so you can […]