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Posted on April 23, 2024 by Dan Pascone
5 Smart High-Earner Moves to Maximize Your Tax Return
TL;DR Answer Box Tax strategies for W-2 employees are less about “finding write offs” and more about using the benefits already available through payroll, retirement plans, and taxable investing. In 2026, the biggest levers for many high earners are maximizing workplace retirement contributions, using Roth pathways when eligible, fully funding an HSA if you qualify, […]
Posted on April 16, 2024 by Dan Pascone
Breaking Down the Mega Backdoor Roth: A Tax-Saving Strategy for High Earners
TL;DR Answer Box Mega Backdoor Roth is a strategy that can let certain high earners move substantially more money into Roth each year by making after-tax (non-Roth) contributions to a 401(k) and then converting or rolling those dollars into Roth. It only works if your employer plan allows after-tax contributions and provides a Roth pathway […]
Posted on April 9, 2024 by Dan Pascone
All About the Backdoor Roth IRA
TL;DR Answer Box Backdoor Roth IRA is a two-step strategy that may allow high-income earners to fund a Roth IRA even when they are over the income limit for direct Roth contributions. The clean version is: contribute to a traditional IRA (often nondeductible), then convert to Roth, while tracking basis correctly on Form 8606 and […]
Posted on April 1, 2024 by Dan Pascone
3 Ways to Access Retirement Funds Early
TL;DR Answer Box If you want to access retirement funds early, you usually have three broad paths: build a Roth conversion ladder, use 72(t) substantially equal periodic payments (SEPP), or take a distribution and accept taxes plus the 10% early withdrawal penalty if no exception applies. The best fit depends on your timeline, tax brackets, […]