The Build Back Better Act passed the U.S. House of Representatives last week and the legislation includes a ban on backdoor Roth IRA conversions and mega backdoor Roth 401k conversions of after tax money after December 31, 2021. The U.S. Senate plans to take up the Build Back Better Act after Thanksgiving and hopes to … Continue reading 2022 Savings Plan and Backup Plan

Eldest daughter landed a part-time after school job a few weeks back. With this sub 13.5 hour per week job, came a bunch of adult paperwork that I offered to help her with: I-9 immigration form, W-4s (federal and state), full-time student pension exclusion form, direct deposit form. Oh crap. She has no bank account. … Continue reading Money Training Wheels