I’m teaching a class on why Roth IRAs are a great way to save throughout your working lifetime. It’s on Saturday, January 20th at 11 AM ET via zoom. You can attend from anywhere in your pajamas or yoga pants.
In one fast-paced hour, you’ll learn:
what it is, who’s eligible to contribute, and why you, your spouse, and your income-earning kids should have one
when converting from a traditional IRA is sensible
how high-income earners can do “back-door” and “mega-back-door” contributions
how to invest your funds
other tax-advantaged savings such as 529s and HSAs
the order in which to spend down your retirement savings
The class is sponsored by the Cambridge Center for Adult Education; to register, visit their website.
Here’s a preview of why you should have a Roth IRA:
You'll save more.
Retirement distributions are flexible.
You have penalty- and tax-free access to your contributions.
You have more (after-tax) creditor protection.
Roth distributions don't increase adjusted gross income for determining Medicare surcharges (“IRMAA”) or anything else tied to taxable income.
Perhaps most importantly, after you’ve departed this earth, your kids will remember you more fondly if they inherit your (tax-free) Roth.
This one-hour class offers good value for your time and money. Do you have any better plans for a cold Saturday morning in January?
Get in touch with questions.