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Goodbye, Backdoor Roth IRA?

September 24, 2021 | By Jessica Goedtel, CFP®

11/5/2021 update – Sigh. It’s back.  10/29/2021 update – Yesterday’s updated reconciliation bill has removed this provision, so backdoor Roth conversions are still allowed. I won’t be surprised to see it come up again in the near future, but the strategy is safe at least for now. New proposed tax legislation was recently presented that […]

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Questions (And Answers) You Never Thought To Ask About HSAs

August 30, 2021 | By Jessica Goedtel, CFP®

Health Savings Accounts (HSAs) are a favorite among financial planners, and it’s easy to see why – contributions are tax deductible, gains are tax-free, and distributions are non-taxable as long as they are used for qualified medical expenses. HSA balances can be rolled over each year, unlike flex savings accounts (FSAs). Plus, if you hang […]

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What should I be looking for in a high-yield savings account?

August 16, 2021 | By Jessica Goedtel, CFP®

Updated August 2025  Are you looking for a place to stash your emergency fund and earn more than a few pennies on your hard-earned savings? Move that money out of your boring checking account into to a high-yield savings account where it can earn dollars, not pennies. In all seriousness, a high-yield savings account isn’t […]

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