This month, my newsletter explores the following topics:
- 2022 changes to 401(k) limits and backdoor Roth IRAs
- Three reasons to keep your estate plan updated
- How to figure out college education ROI
- How to fight rising inflation with your tax return
As we get further into 2022, please contact me if I can help you with your finances.
2022 Changes To 401(k) Limits And Backdoor Roth IRAs
The IRS reviews the limits on contributions to retirement plans like 401(k) plans every year. There are possibly greater changes in store for a different type of retirement account in 2022, the so-called “backdoor” Roth IRA. Here’s an overview of both current and proposed changes to these two types of retirement plans in 2022.
Be Sure To Keep Your Will Or Estate Plan Updated. Here Are 3 Key Reasons Why
When it comes to creating a will and other estate-planning documents, be aware that you probably should revisit them many times before they actually are needed.
Is College Really Worth It? Here’s Why It’s So Hard To Figure Out The Return On Investment
Between sky-high costs and hefty student loan debt, more students and their families are questioning the value of a college degree. Is getting a diploma worth it?
There’s A Way To Fight Rising Inflation With Your Tax Return. Here’s What To Know
If surging costs are a concern, you may consider using your tax refund to bypass the purchase limits on I bonds, a nearly risk-free and inflation-protected asset. Learn more about upsides and drawbacks of I bonds.
Michael M. Silverman is a Financial Representative of The Guardian Life Insurance Company of America, New York, NY. Strategies for Wealth is not an affiliate or subsidiary of Guardian.
Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.
2022-134507 Exp. 3/24