The main reason 401(k) contributors propose a Roth IRA conversion is to limit their tax liability in retirement. The only problem is, the conversion process costs more headaches and tax implications in the end unless you are unemployed or in a low marginal tax bracket. A 401(k) and Roth IRA…

In the short run, grossing a high net income per year would be preferred. More deposited in one’s pocket per year, the easier it is for them to use it to their liking. The only problem is, net-income from an employer isn’t guaranteed to last or be as grand in subsequent years. Most people don’t even pay attention to their net-worth compared to their AGI, take-home pay. If I asked random people their net-worth versus net-income, I’m sure most would nail down to the penny their yearly income but place their net-worth in a ballpark.

Can you guess the top 1% net worth for a 20 year old? $120k That is equivalent to the top 20% income for an adult. With more graduates taking on hefty loans with no guaranteed job after college, hearing that amount might sting. How about this instead. Did you know…

Yes I actually documented this. The last time I used physical cash was in January 2020 when I awkwardly forgot I had to give the valet driver a $12 tip. Yes, $12, not including the parking fee. This is New York not Louisiana. The point is, the fact I had…

Too cool for the market? There’s no other demographic that is captivated by saga and suspense more than gullible attention-seeking teenagers. At the start of this year as the GameStop trading frenzy unraveled, teens, including myself, became more involved in the investing world. We had extra time on our hands…

If you were one out of the million retail traders that was bored out of your mind at the start of this year, you’re not alone. We all did something in the last year and a half that we regret. At least in this situation, gambling on Robinhood can be…

College is known to be one of the most transformative years of one’s lifetime. As a college student myself, I have full faith in the commitment to education and believe it is crucial to one’s existence. Knowledge is power after all. …

Many people close to me don’t even know I study FinTech and entrepreneurship at a liberal arts school at NYU. I decided to not even bother applying to business school and no pun intended, go down the stern path at Stern because I’ve never been a good test taker, horrible…

Everyone’s definition of wealth and pure happiness is different. I’m not going to bother going through the specific income thresholds or tax liability rates of when it doesn’t make sense to earn more. …