Financial Blog
What’s MAGI and Why Does It Matter?
If you’re getting locked out of taking some deductions and retirement savings options, look at your MAGI – modified adjusted gross income. MAGI is a little tweak on regular AGI (adjusted gross income), designed to keep high-earners from reaping certain tax advantages,...
Phased out of a Roth IRA? Here’s How to Use the Backdoor and Avoid Tax Traps
UPDATED FOR 2019 I’m a big fan of Roth IRAs: They offer the most flexibility and best future tax advantages for retirement money… Earnings are never taxed You can withdraw your contributions at any time without penalty You don’t have to take the money out after...
How to Take Control of Your Financial Divorce
When you’re going through a divorce, a lot can slip through the cracks. Emotions and financial issues get intertwined, and that can lead to some very unfortunate outcomes – especially when kids are involved. The best thing you can do for yourself is be prepared for...
7 Things You NEED to Know about Debt and Divorce
Divorce and debt are hard enough to deal with separately, and when they come together, it can be like navigating a minefield. The most important thing you can do about this is to protect yourself in every way you can. And the first step toward that is knowing exactly...
How to Avoid Financial Disasters in Your Divorce
Getting divorced can be like taking a crash course in emergency finances – one you have to take whether you want to or not. And when kids are part of the mix, and you’re a newly single mom – you need to master that class right away. The first lesson – and one of the...