Hitting Singles and taking LEAPS

At Strong Back Financial, we recommend a well-diversified portfolio for our clients.  Most plans will have an aggressive investing component that should yield larger gains to grow savings faster.  For advanced investing clients, we recommend taking 10% of the aggressive investing portfolio and utilize a strategy we call hitting singles and taking LEAPS.

Read More

Make your Money work for you

People work decades to build a retirement nest egg only to realize that they spent their most active years working for their money instead of letting their money work for them.  We have all been told that contributing at least 10% of your income to your 401k or IRA is the minimum we….

Read More

Congress wants to kill the Backdoor Roth

Transferring after-tax IRA contributions to a Roth IRA (the dreaded “Backdoor Roth Maneuver”) is under severe scrutiny by congress as a tax loophole for the rich.   This move is popular for people who earn too much money to directly contribute to a Roth IRA ($75,000 filing single – $124,000 married filing jointly) but want…

Read More