DR 040: How Best to Use a Backdoor Roth IRA

Key Retirement Assumptions

Even if you exceed the income limits for contribution to a Roth IRA, you may still be able to take advantage of this excellent additional retirement account option. You can work through what’s called a “backdoor Roth,” which basically means that you convert traditional IRA contributions into a Roth IRA. The process gets a little […]

Published or Updated: March 30, 2014

Can you contribute to a 401k and IRA?

how to use an HSA

During the 31-Day Money Challenge, readers sent in a lot of great questions. One question from a reader named David is one I’ve received many times. Here it is: My 401k is maxed out for the year at 17,500 + 5,500. Can I also contribute a total of 6,500 to a conventional IRA with after-tax […]

Published or Updated: April 21, 2014

DR 038: The Dough Roller Podcast Listener Q&A Edition

Dough Roller Podcast--Veterans Day

This is the last day in our 31-Day Money Challenge. Over the past 31 days, I’ve published 31 podcasts, each designed to help you move closer to financial freedom. Yesterday was talked about retirement accounts. In today’s podcast, we wrap up the series with a number of great questions submitted by you. Sponsors: The 31-Day […]

Published or Updated: July 29, 2014

DR 031: How to Tell If You Are on Track to Retire

Retired

This is the twenty-fourth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I interviewed Brandon Turner about real estate investing. Today I’m going to cover a number of reader comments and questions, and give you a simple tool to […]

Published or Updated: July 29, 2014

DR 027: How to Become a Retirement Super Saver [Interview with Stig Nybo]

Coin Dropping Into Piggy Bank

This is the twentieth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at how to pick mutual funds to implement an asset allocation plan. In today’s podcast, we explore what it means to become a Super Savor […]

Published or Updated: July 29, 2014

What If You Over-Contribute to a 401(k)?

401k

We recently got this interesting question from a reader named Jeff: I know the IRS limit for 401k contributions is currently $17.5k / yr. What I want to know is what actually happens if I contribute more than that, say $20k? Do I get a stiff penalty?  Do I go to 401k jail?  Is this […]

Published or Updated: December 16, 2013

DR 007: How to Retire at Age 30 [with Mr. Money Mustache]

Dough Roller Podcast--Veterans Day

Imagine working hard for all of nine years. And then at the ripe old age of 30, you and your spouse retire to start a family. While it may sound like a fairy tale, that’s exactly what an engineer named Pete did. Pete is better known as Mr. Money Mustache. We talk a bit about […]

Published or Updated: June 3, 2014

DR 005: 6 Accelerators to Improve Retirement Preparedness with Fidelity’s John Sweeney

Fidelity Retirement Preparedness Study

Preparing for retirement requires us to make a number of critical judgments. From how much we should be saving to how to invest our savings, these decisions will have a major impact on our ability to retire and the lifestyle we’ll enjoy during retirement. To that end, Fidelity has just released a new study on […]

Published or Updated: December 7, 2013

6 Key Retirement Planning Assumptions and How to Make Them

Key Retirement Assumptions

Retirement planning can be a confusing mess. It’s hard enough to make financial estimates one year into the future. For retirement, we’re called upon to make assumptions decades into the future. A reader named Eric recently shared his own frustration in this regard. Eric wrote: There are many retirement calculators and rules of thumb online […]

Published or Updated: November 13, 2013