Increasing your child’s credit score

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You may want to give a jump-start to your child’s credit history and financial health. One good way to help them out is by adding them as an authorized user on your credit card. This, generally is a two edge sword, giving…

Achieving FIRE on single Income

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A common concern for single-income earners is whether achieving FIRE is a feasible option for them or not. It definitely adds to the challenge a bit more but coming from a single-earner family myself, I can vouch that it is possible and…

Pro-Rata Rule for Backdoor Roth

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We have heard about Backdoor Roth and it is now a popular strategy. Even I have spoken about it as well as Mega Backdoor Roth before but there is one aspect that stumps most people interested in backdoor Roth approach and sometimes even makes the…

Roth IRA Limits

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The IRS announced the contribution and income limits for the 2020 calendar year. For 2020, these limits are: Contribution Limits Unchanged The total amount you can contribute to either a Roth IRA or a Traditional IRA remains unchanged at $6,000. People 50 and…

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