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Is A Mega Backdoor Roth Right For You? How To Figure That Out - Vimarsana News

Is A Mega Backdoor Roth Right For You? How To Figure That Out

A mega backdoor Roth can be an effective way to prepare for retirement. But, is it right for you? Here's what you need to know.

Source: forbes.com
9 Ways To Avoid Paying Taxes on Your Side Gig - Vimarsana News

9 Ways To Avoid Paying Taxes on Your Side Gig

While side gigs are awesome because they bring in extra cash, making more money also means paying more taxes, which can undercut the additional income you're counting on. See: Top 7 Countries with...

Source: yahoo.com
David Gardner: Four reasons why high earners work harder to retire - Vimarsana News

David Gardner: Four reasons why high earners work harder to retire

While I don’t want to minimize the challenges of lower income workers saving for retirement, in many ways higher earners face a bigger slog. Don’t get me wrong, if you make a good income there are steps you can take to be financially independent earlier than traditional retirement age. Those with lower incomes can find it a challenge just to make ends meet let alone save for retirement. If you have a higher income, it’s important to recognize the impediments to putting aside enough to stop working. Being mindful of these challenges can help you take steps now to take care of your finance...

Tax tips for employees: find your hidden savings potential - Vimarsana News

Tax tips for employees: find your hidden savings potential

When discussing tax-saving strategies, business owners appear to have the upper hand. W-2 employees gaze with envy upon the vast menu of deductions and credits available to the self-employed.  But envy not! Employees with W-2...

SECURE Act 2.0: How The New Legislation Could Impact You - Vimarsana News

SECURE Act 2.0: How The New Legislation Could Impact You

At the end of December, Congress passed the SECURE Act 2.0 as part of the omnibus spending bill. The Act does not result in any substantial planning changes