College Savings Month
SEP
College Savings Month
Get a jumpstart on college savings for your children or grandchildren. Click to learn more.
Save on Sales Tax
AUG
Save on Sales Tax
Looking to save on a major purchase? Many states feature a sales tax holiday in August. Click to learn more.
Summer Status Check-In
JUL
Summer Status Check-in
The halfway point is a good time to reflect on your annual financial goals and make any necessary adjustments. Click to learn more.
Get an A+ in Financial Planning
Software
Software
Software companies working to develop and implement AI technologies. Click here to learn more.
Financial Spring Cleaning
Roth IRA
Roth IRA
Contributions are made with post-tax dollars [ii]
Contribution eligibility dependent on tax filing status and Modified Adjusted Gross Income
High-income earners cannot contribute [iii], but can utilize what is known as a "backdoor" Roth IRA
A "backdoor" Roth IRA allows contributions up to the allowable limits to a non-deductible Traditional IRA (subject to a pro-rata rule [iv]) before coverting those funds into a Roth IRA
A "mega backdoor" strategy allows post-tax contributions to a 401k, which can be converted to a Roth. Post-conversion, the funds are not subject to pro-rata rules or IRA contribution limits
Tax Time!
Traditional IRA
Traditional IRA
Contributions are generally tax deductible and grow tax-deferred [i]
Distributions are taxed as ordinary income
Required Minimum Distribution (RMD) rules apply at a certain age
Use-It-or-Lose-It
MAR
Use-It-or-Lose-It
Take note—March 15 is the deadline to use any remaining Flexible Spending Account (FSA) funds. Click to learn more.
Early Bird Gets the Worm
FEB
Early Bird Gets The Worm
Your tax documents typically begin to arrive around February—consider preparing your taxes early. Click to learn more.
New Year, New You
JAN
New Year, New You
January is an excellent time for goalsetting—including financial goals. Click to learn more.