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Updated Tax Numbers for 2024
We have just posted an updated Tax Reference for 2024. This is not a comprehensive set of tax tables, but rather mainly a handy reference for various thresholds such as maximum 401k contributions, gift tax exclusions, etc. Many (not all) are indexed for inflation. We hope you find this helpful. If you notice any errors,… Read more
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There is no such thing as a Back-door Roth IRA or a Back-Door Roth Conversion
There is, however, a technique which is referred to as a “Back-Door Roth Contribution“. There are Roth IRAs. And there are Roth conversions. But “back-door” is a two-step technique, not an account, and not just a conversion. And, no, this is not just picking nits. This is a very important distinction and if you try… Read more
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Warren Buffett has pledged that 99% of his wealth will end up in charity and philanthropy.
Warren Buffett has pledged that 99% of his wealth will end up in charity and philanthropy. He’s already given away billions — something around $50 billion already. A shit ton of that went to the Bill and Melinda Gates foundation. He’s still got something on the order of 100 billion left. Had he kept all… Read more