“Let me get this straight. You want to pay more in taxes?” It’s a reasonable reaction to a Roth conversion. After years of saving diligently and looking for ways to reduce your tax bill, voluntarily creating taxable income can feel…
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Should You Let the Tax Tail Wag the Investment Dog?
Modern cars have some pretty impressive technology these days. They can warn you when you’re drifting out of your lane, alert you to another vehicle in your blind spot, and even brake for you when you’re getting too close to…
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What Should You Do with an IRA You Don’t Need for Retirement Income?
For many people, the biggest retirement question is: Will I have enough? But successful savers sometimes reach retirement with a very different question: What am I supposed to do with all this money I’m required to take out? Maybe Social…
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Can You Make Embedded Gains Disappear? Two Smart Ways to Reset Your Cost Basis
A big unrealized gain is one of those financial problems you’re happy to have… until you start thinking about the tax bill attached to it. Maybe you bought an investment years ago that has grown substantially. Selling it could mean…
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Portfolio Rebalancing: Why Discipline Matters More Than Market Predictions
When we talk about rebalancing a portfolio, one of the first questions we often hear is, “Do you think the market is about to go down?” The answer is usually much less exciting. We have no idea. Rebalancing isn’t a…
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Day Trading Might Cost You More Than You Think
There are few things more tempting than watching someone on social media make day trading look effortless. A few clicks. A few lucky trades. Screenshots of huge gains. It can seem like anyone with a trading app and enough confidence…
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“Money for Nothing”: Why Wealth Needs Purpose to Feel Satisfying
Our summer series finishes up with another song that probably takes many of us straight back to the 1980s. Maybe you remember the opening guitar riff. Maybe you remember the groundbreaking music video. Or maybe you just remember when MTV…
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