Mega backdoor Roth conversions can be an attractive option for boosting tax-free retirement savings for high-income individuals. However, this complex maneuver is not available for all investors, and common mistakes can derail the benefits of this strategy. In this article, we will explore the pitfalls of mega backdoor Roth conversions and provide insights on how
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The work-from-home trend has become a permanent fixture in today’s modern workforce. Even four years after the onset of the Covid-19 pandemic, many companies have embraced remote work as a positive and profitable arrangement for both employers and employees. This shift has challenged the traditional five-day, in-office workweek, making it clear that remote work is
An insider has revealed that the PGA Tour and the Saudi-backed LIV Golf are currently engaged in active discussions, a year after initially shocking the world with their proposal to collaborate. The talks between the tour and the Saudi Public Investment Fund, which supports LIV Golf, are described as “extremely active.” The newly formed seven-person
Salesforce, the enterprise tech giant, has recently announced the opening of an artificial intelligence center in London, demonstrating its bullish bet on the U.K. as a global technology hub. The U.S. software giant has chosen London’s Blue Fin building as the location for the facility, which spans over 40,000 square feet and has the capacity
Lululemon, a prominent athletic apparel retailer, recently reported a stagnation in growth in its largest market, the Americas. The company’s flat comparable sales in the region along with weak guidance for the current quarter have raised concerns about its future prospects. Despite surpassing Wall Street’s earnings estimates, Lululemon only narrowly exceeded revenue expectations, indicating a
Recently, Boeing CEO Dave Calhoun testified before a Senate panel on June 18 to address concerns surrounding whistleblower allegations and quality control at the aircraft manufacturer. This testimony comes at a crucial time for Boeing as it faces a safety crisis and tries to rebuild public trust in its brand. The chairman of the Senate
American Airlines CEO Robert Isom recently extended an offer to flight attendants for an immediate 17% wage increase amidst ongoing contract negotiations. The airline has been in discussions with the Association of Professional Flight Attendants without coming to a resolution, sparking the possibility of a strike. Key issues in the negotiations include pay disparities that
Boeing recently launched its first Starliner flight with astronauts in a significant milestone for the long-awaited spacecraft. The launch, which occurred at 10:52 a.m. ET from Cape Canaveral, Florida, marked the beginning of a crucial final flight test for the spacecraft. With two NASA astronauts aboard, Starliner was carried into space by a United Launch
Generation X, also known as the sandwich generation, faces unique challenges when it comes to managing their finances. They are sandwiched between the financial responsibilities of caring for their adult children and aging parents while also planning for their own retirement. This generation has often been overshadowed by the baby boomers and millennials, but they
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently made a difficult decision regarding his real estate fund amidst mounting losses and redemption requests. In a recent interview on CNBC’s “Squawk Box,” Sternlicht explained the rationale behind capping the amount of money investors could pull out of the fund. He cited the growing