Mega Backdoor Roth IRA
Category Archives: Frank’s Corner
Mega Backdoor Roth IRA
🖨 Print⏱ 3 min readThe Roth IRA is a retirement savings account in which you invest only after-tax dollars. Subsequently, all earnings grow tax-free and may be withdrawn tax-free. However, there are limits to who can contribute and how much … Continue reading
Multigenerational College Planning with a Family Dynasty 529 Plan
🖨 Print⏱ 5 min readThe College Savings 529 plan offers a way for modest-income families to save and invest for college expenses for their children as early as birth up to college age. When invested 529 funds are used to … Continue reading
How Secure 2.0 Will Impact Employers’ Tax Situations
🖨 Print⏱ 3 min readThe Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022, otherwise known as SECURE 2.0, is a piece of legislation that focuses on how employers and their employees are able to save for retirement … Continue reading
Leveraging the Internet of Behavior (IoB) to Boost Customer Loyalty
🖨 Print⏱ 4 min readCustomer loyalty is critical to any successful business strategy in today’s digital age. With emerging technologies such as the internet of things (IoT), companies are now leveraging a new approach called the internet of behavior (IoB) … Continue reading
Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know
🖨 Print⏱ 4 min readThe U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent in November – the biggest drop … Continue reading
Increasing Small Business Investments, Relaxing COVID Vaccination Requirements and Generating More Challenges to Abortion Access
🖨 Print⏱ 4 min readInvesting in Main Street Act of 2023 (HR 400) – Introduced by Rep. Judy Chu (D-CA) on Jan.20, this bill would permit certain financial institutions to increase investments in small business investment companies (SBICs). The current … Continue reading
7 Steps to Start a Business
🖨 Print⏱ 4 min readThe idea of starting your own business is inherently romantic, if not exhilarating: You get to run the show, flesh out your ideas and live your dream. But where do you begin? Here are seven smart … Continue reading
401(k) Options After You Leave an Employer
🖨 Print⏱ 6 min readApart from the spike in inflation, 2023 ended the year with a relatively strong economy, boasting an unemployment rate of 3.5 percent (below the market forecast of 3.7 percent) with increases in wages, corporate profits, and … Continue reading
Defining an Impaired Asset
🖨 Print⏱ 3 min readWhen it comes to defining an impaired asset, its fair market value is worth less than the original cost of the asset – or, more formally, its carrying value. As a company re-evaluates its assets’ value, … Continue reading
Key Deadlines and Changes for the 2023 Tax Season
🖨 Print⏱ 3 min readEvery year, typically right after the new year starts, the IRS formally announces key dates and deadlines for the current tax season. Recently, the IRS made the announcements for the current 2023 tax season. To make … Continue reading
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