Tag: Roth IRA
Roths Decoded: Timing, Taxes, and the Power of Flexibility (Ep. 19)

Roths Decoded: Timing, Taxes, and the Power of Flexibility (Ep. 19)

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Roth accounts can shape how and when taxes are paid, but the right choice depends on timing, income, and long-term goals.

How can savers use Roth planning to create more flexibility before and during retirement?

In this episode, Jamie Hopkins and Kate Duffy explain how Roth IRAs, Roth 401(k)s, conversions, and backdoor Roth contributions fit into a broader financial plan. They compare Roth and traditional accounts, explain income limits, cover required distributions, and share why high earners may still benefit from Roth strategies. The conversation also clears up common myths and highlights why tax diversification matters.

Key takeaways:

  • How Roth IRAs differ from traditional IRAs when it comes to taxes, timing, and withdrawals
  • Why high-income years may not be ideal for Roth contributions, but Roth planning can still fit
  • How Roth conversions can help retirees use lower-income years to shift money strategically
  • Why Roth 401(k)s may offer higher contribution room without Roth IRA income restrictions
  • How backdoor Roth contributions work and why existing IRA balances can create tax issues

Connect with Bryn Mawr Trust: 

Connect with Kate Duffy: 

Connect with Jamie Hopkins: 

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How to Maximize Your Bonus (Ep. 8)

How to Maximize Your Bonus (Ep. 8)

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For those who receive a year-end bonus, it can be tempting to splurge or treat yourself. But what if that extra money could help you check off a major financial goal??

 In this episode, Jamie Hopkins and Kate Duffy dive into the psychology behind bonuses and why timing, taxes, and emotions matter more than you think. They share practical strategies to turn windfalls into long-term wins, covering everything from tax withholding and automation to emergency funds, Roth accounts, and 401(k) contributions. Plus, they break down how to approach bonuses at different career stages so you can make the most of every dollar.

Key takeaways:

  • Why we view bonus money differently, and how to avoid emotional spending traps
  • The truth about bonus tax withholding 
  • Smart strategies for using bonuses: retirement accounts, 529 plans, charitable giving, and emergency funds
  • Career-stage tips from early professionals to executives with equity compensation
  • Why planning ahead with an advisor beats making spur-of-the-moment decisions

Connect with Bryn Mawr Trust: 

Connect with Kate Duffy: 

Connect with Jamie Hopkins: 

Podcast: Play in new window | Download | Embed

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