Why High Earners Go Broke (And How to Avoid Their Mistakes)
70% of lottery winners go bankrupt. NFL players aren't far behind. High income doesn't guarantee wealth—here's what actually does.
54 articles found for "passive income"
The Backdoor Roth IRA Survives: High Earners Can Still Access Tax-Free Retirement Growth
The backdoor Roth IRA strategy survived recent tax legislation. Learn how high-income earners can still convert traditional IRA contributions to Roth for tax-free growth.
The 2026 Tax Bracket Shift: How the IRS Changes Will Affect Your Paycheck
The IRS has released 2026 tax brackets with higher income thresholds and standard deductions. Learn how these changes could reduce your tax bill and boost take-home pay.
The 'Boring' Investment Strategy That Beats 90% of Traders
Wall Street doesn't want you to know this, but the most effective investment strategy is also the simplest. Here's the data.
New 2026 Retirement Limits: How to Maximize Your $24,500 401(k) Contribution
The IRS has raised 401(k) limits to $24,500 and IRA limits to $7,500 for 2026. Here's how to take full advantage of these increased tax-advantaged savings opportunities.
The Roth Mandate Arrives: What High Earners Need to Know About the New Catch-Up Contribution Rules
Starting in 2026, workers earning over $150,000 must make 401(k) catch-up contributions to Roth accounts only. Here's what the SECURE 2.0 provision means for your retirement.
New 401(k) Limits for 2026: How to Maximize Your $24,500 Contribution
The IRS raised 401(k) contribution limits to $24,500 for 2026. Here's what changed, who can contribute more, and strategies to maximize your retirement savings.
Social Security's 2026 Overhaul: What the 2.8% COLA and New Tax Breaks Mean for 75 Million Americans
Social Security benefits rise 2.8% in 2026, adding $56 monthly for average retirees. Plus, a new $6,000 tax deduction helps seniors keep more of their benefits.
The Mandatory Roth Trap: High Earners Wake Up to New 401(k) Rule That Just Took Effect
Starting January 1, 2026, workers earning over $145,000 must make all catch-up contributions to 401(k) plans as Roth (after-tax). What this means for your retirement strategy and tax planning.
SALT Deduction Cap Quadruples to $40,000: What High-Tax State Residents Need to Know
The One Big Beautiful Bill Act raises the SALT deduction cap from $10,000 to $40,000 for 2025, delivering significant tax relief to residents of high-tax states.
The Tax Loopholes the Rich Use That Are Legal for Everyone
The wealthy don't pay less in taxes because of illegal schemes. They use strategies available to anyone—strategies most people don't know exist.
The College Premium Paradox: Why a Degree's Job Market Advantage Just Hit a 50-Year Low
The unemployment gap between college and high school graduates has narrowed to its lowest level since the late 1970s. Here's what it means for workers and families weighing the value of higher education.