In this issue:
For individuals with multiple income streams, such as physicians, small business owners, startup founders, entrepreneurs, and consultants in tech or other fields, it’s possible to exceed the IRS’s annual limit for tax-deferred retirement savings ($69,000 for 2024 and $70,000 for 2025).
In this issue:
Retiring at the peak of a bull market or right after a bear market can significantly impact your retirement finances.
Save & invest consistently, dollar-cost average your way to be a 401k millionaire.
Introducing Save More, Invest Wise Newsletter that focuses on retirement savings, retirement investments, etirement planning, personal finance topics such as debts and spending, and tools.
The Mega Backdoor Roth 401(k) or Mega Backdoor Roth Conversion is a powerful tool for high-income earners who want to maximize their retirement savings and enjoy tax-free withdrawals. By leveraging this strategy, you can compound your savings dramatically over time, providing significant long-term financial benefits.
High yield bonds, managed correctly, can be a valuable addition to boost fixed income returns.
You have four choices to make when you quit from your current employer, regarding your 401(k) account.
Rollover from a 401(k) to a self directed IRA has many advantages but also has some issues to consider.
We encourage maximizing 401k match and discuss some details on 401k contributions and match.
We look at the FIRE Financial Independence, Retire Early investment portfolios and withdrawals.
We look at how the volaitlity of a portfolio affects retirement spending and purchase power again by studying two portfolios.
