Posts by Amanda McFarlane
How a Mega Backdoor Roth Conversion Works
Last Updated: March 13, 2024 It’s no secret that Roth individual retirement accounts (IRAs) have several major benefits—after-tax contributions to your IRA account offer tax-free growth and distributions later in…
Read MoreWhat’s the Difference Between a Traditional and Roth IRA?
Individual retirement accounts (IRAs) are tax-advantaged long-term savings and investment vehicles intended to help carry you through your retirement years. Some IRAs may be available through your employer, but most…
Read MoreThe Value of a Financial Professional
Recent research from Northwestern Mutual in its 2021 Planning and Progress Study found that just 38% of survey respondents were working with a financial advisor, though up from 29% pre-pandemic.…
Read MoreHow to Roll Over Your 401(k)
Last Updated: April 9, 2024 Let’s start with what a 401(k) rollover is. When you transfer a balance from a previous existing 401(k), likely from a company you’re no longer…
Read MoreFinancial vs. Investment Advisor: What’s the Difference?
Last Updated: March 7, 2024 Titles do matter—and in the financial services world, so many titles exist that can and do mean very different things for you, the consumer. The…
Read MoreBull vs. Bear Markets: What’s the Difference?
Last Updated: March 7, 2024 Understanding the current state of the market is important to growing your money over the long term, whether you’re an investor or not. You may…
Read More4 Options for Your 401(k) When You Leave a Job
Last Updated: March 7, 2024 So, you’ve left your job…now what? A white paper from Capitalize, a 401(k) rollover fintech company, found that American employees have “forgotten” about or left…
Read MoreValue vs. Growth Stocks: Which Category Is Better for Your Portfolio?
Last Updated: March 7, 2024 The common question—and debate—among stock market investors: Is growth investing or value investing better for your portfolio? Whether growth or value outperforms depends solely on…
Read MoreTraditional vs. Roth 401(k): Why You Might Want Both
Last Updated: March 7, 2024 There is one key factor to consider when deciding which type of 401(k) to contribute to: tax implications—both now and later. Retirement planning involves balancing…
Read MoreHow to Talk to Your Parents About Their Finances
Last Updated: March 7, 2024 Money can be a taboo topic in some families, especially when it comes to talking to your parents about their finances. But understanding your parents’…
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