What to Expect When Things Don’t Go as Expected

At its most basic, retirement planning is a mathematical exercise. Inputs include annual savings during your working years, expected return on investments, expected retirement date, expected household expenses during retirement, and life expectancy. Did ya notice that one word popped up an awful lot there? A fairly large amount of the financial planning process is based on expectations..

Backdoor Roth IRA Contributions

I received two calls this past month asking basically the same thing. “Hey, Allen, I was talking to this guy, and he said I should do a backdoor IRA. It sounded great! What do you think?” My first thought was “Is someone out there doing seminars on this?” It reminded me of a word that I learned many years ago: Tinstaafl. There Is No Such Thing As A Free Lunch. Or put another way, if it sounds too good to be true, it probably is.