I share the strategies I use to help high-net-worth clients create, grow, and protect wealth. Every Wednesday, you'll learn new ways to align your wealth with a life of time, freedom, and flexibility.
Are You Using This Tax-Free Retirement Strategy?
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Hey Reader, After almost 8 years of advising high-income clients, I've found that one of the most underutilized and mishandled financial planning strategies is the Backdoor Roth IRA. It's one of the few strategies for increasing tax-free wealth without paying more taxes today. Proper execution over a long period can create a tax-free nest egg that shaves years off your journey to financial independence. Unfortunately, most people don't know about it, or they jump into it without understanding how its nuances apply to their situation. My goal is to make sure you aren't one of those people. The Backdoor Roth at a High-LevelThe actual steps for executing the backdoor Roth are straightforward. However, it's the details that cause confusion and unexpected tax consequences. In my blog post, Should You Use a Backdoor Roth IRA, I broke down:
Make sure you consider how the backdoor Roth fits into your financial situation, and let me know if you have any questions! -Matt Garasic P.S. If you...
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Still have questions? We have answersDisclaimer: This is for general educational and illustration purposes only. This should not be taken as individual investment, tax, or legal advice. Consult your legal, tax, and financial team before implementing any financial strategies for your specific circumstances. |
The Unrivaled Wealth Newsletter
I share the strategies I use to help high-net-worth clients create, grow, and protect wealth. Every Wednesday, you'll learn new ways to align your wealth with a life of time, freedom, and flexibility.
Hey Reader, 77% of high-net-worth individuals say they know how much money they need to retire comfortably. However, humans naturally suffer from overconfidence bias (myself included—just ask my fiancée), and I believe they overlook one key risk. Retirement Healthcare According to Fidelity, a 65-year-old couple retiring in 2024 should expect to pay $12,800 for health care in the first year of retirement and ~$356,000 for the remainder of an average life expectancy (87 for men and 90 for...
Hey Reader, At my last job, I had the privilege of working with some of the brightest minds in investing. We had weekly investment calls dissecting economic data, geopolitical risks, and plenty of other things I didn't understand at the time. However, the Chief Investment Officer (who is the smartest person I've met to this day) always made sure to zoom out and stress one point that nearly everyone forgets. I'll illustrate the point by looking back at one of the most difficult periods in the...
Hey Reader, Whether you call it retirement, work optional, financial independence or some other term, you should be excited to have the freedom to do: What you want When you want Where you want But withdrawing from the savings you worked so hard to accumulate can be one of the scariest transitions you make. Today, I’ll share the strategy I use to help clients enjoy their retirement without worrying about running out of money. Retirement Income Guardrails Think of guardrails like bumpers at a...