PODCAST: Why This Recession is Different

All High Earners Need To Know About The Mega Backdoor Roth Authored by Javier Simon via The Epoch Times (emphasis ours), If done the right way, a mega backdoor Roth can allow investors to save in a workplace retirement plan such as a 401(k) beyond the typical contribution limits. High earners can use a mega backdoor Roth to save beyond normal retirement contribution limits. Vyaseleva Elena/Shutterstock It also can allow investors to save in a Roth account when they otherwise would not have been able to do so because of certain restrictions. So let’s...

The cost of the US war with Iran was not included in President Trump’s request for a massive $1.5 trillion military budget for 2027, according to a Pentagon budget official. “This budget was formulated, honestly, before we went into conflict with Iran,” Jules Hurst III, the Pentagon’s acting chief financial officer, told reporters on April […]

Foggy, Foggy War By Michael Every of Rabobank With US stocks up, the Nasdaq with its longest winning streak since 2021, and screen oil down for a second day in a row, markets continue to price the starkly binary physical outcomes smack in front of us on the side that’s full of stardust. The IMF just warned of a potential world recession ahead if Hormuz stays shut. Its latest three global growth scenarios are ‘weaker’, ‘worse’ and ‘severe’ - “because markets”, and politics, the Fund chose the most benign as its base...