Backdoor Roth IRA vs. Mega Backdoor Roth 401(k): What’s the Difference?

Are you getting close to retirement age but not making the most of your savings? Many high-income earners are unaware of the powerful strategies available to them through Backdoor Roth IRAs and Mega-Backdoor Roth 401(k) contributions. These methods can significantly increase your tax-advantaged savings, providing substantial benefits as you plan for the future. This guide […]

Understanding the Advantages and Disadvantages of 401(k) Accounts

Are you part of the 46% of 401(k) investors who are unaware of where your money is going? According to a recent CNBC survey, nearly half of all participants in this critical retirement savings plan might be in the dark about their investments. The 401(k) plan, named after a section of the U.S. tax code, […]

Author

Joe has 25+ years as a Certified Public Accountant licensed in the State of Texas and solving IRS problems. Current member with the American Institute of Certified Public Accountants (AICPA), Texas Society of CPA’s (TSCPA), National Society of Accountants (NSA), Bachelor’s degree in accounting (BBA), Master’s degree in Business Administration (MBA) at Texas A&M Corpus Christi. Experience in a variety of industries as Controller, CFO and tax resolution issues for both business and personal tax cases.