Is inflation Good or Bad for 401k and Defined Benefit Participants?

Headlines everywhere have been alerting us to surging prices and inflation. The consumer price index for all items rose 0.6% in January and drove annual inflation up by 7.5%.
This marked the biggest gain since February 1982 and was even higher than the Wall Street estimate. Even if you are not caught up on the news, a trip to the gas station or grocery store will very quickly bring you up to date and turn these numbers into reality. This may leave you wondering about potential negative consequences to your retirement plan.

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Why All This Talk Lately About Mega Backdoor Roth’s?

A Mega Backdoor Roth lets you maximize your savings while minimizing your taxes and in the process you could put away substantially more. Understanding just these few key points about how it works as well as when and for whom it works best will help you know if this retirement plan option is right for you.

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