An ex-Meta employee and FIRE blogger explains how he used the 'mega backdoor Roth' strategy that allows high-earners to bypass Roth IRA income limits and contribute up to $69,000 in a 401(k) – Business Insider
Andre Nader built a seven-figure portfolio by saving and investing in index funds. He leveraged his technology career and dual income household to maximize his savings and investments. One of the strategies he used to make the most of his tax-advantaged accounts is known as the “mega backdoor loss.” Andre Nader saved a portion of […]
Trump encounters Senate GOP limits with failed Gaetz AG push
President-elect Trump's unfortunate nomination of former Rep. Matt Gaetz (R-Fla.) to head the Department of Justice points to potential limitations in swaying candidates and interacting with Senate Republicans. It was an early sign that Trump's room for maneuver was shrinking. His cabinet was installed. President Trump, buoyed by his election victory earlier this month, nominated […]
Booming, Risky MicroStrategy ETFs Testing Wall Street’s Limits – Yahoo Finance
(Bloomberg) — As MicroStrategy Inc.’s stock soared last month, Matt Tuttle received bad news from his prime broker about the rapid growth of leveraged ETFs tracking the crypto-focused company’s stock. Most Read Articles on Bloomberg Prime brokers, the division within banks that work with customers on activities such as securities lending, have reached a limit […]
What is reconciliation, the tool Republicans want to use to ‘push the outer limits’ on federal policy?
Republicans already have big plans for the 119th Congress, much of which focuses on leveraging a legislative maneuver known as reconciliation. Republican leaders have signaled they are planning a huge bill to implement President-elect Trump's tax policies, reduce the federal deficit and enact conservative policies early next year. Reconciliation is a way to speed up […]
‘Gaslit Us To The Absolute Limits’: Joe Rogan, Guest Expose How Media Brushed Off Every Sign Trump Was Winning
Podcast host Joe Rogan and comedian Dave Smith discussed Thursday how corporate media and polling leading up to Election Day ignored all signs that President-elect Donald Trump had won. In the final months of the election cycle, corporate media and Vice President Harris' campaign intensified their rhetoric against Trump, with President Joe Biden “locking him […]
IRS increases contribution limits for 401(k), some other retirement plans for 2025
In “The Bottom Line,” President Trump donor Norm Champ details how the Biden-Harris rule is hurting Americans' retirement savings. of Internal Revenue Service (IRS) announced Friday that it will increase the amount individuals can contribute to 401(k)s and other retirement plans to account for inflation. Each year, the IRS reviews the tax thresholds and limits […]
Dem Sen. Tammy Baldwin, with nine terms in Congress, pushes Supreme Court term limits in heated debate
WATERTOWN, Wis. — Democratic U.S. Sen. Tammy Baldwin and Republican businessman Eric Hovde faced off Friday night in a tightly controlled debate format in their first and perhaps only showdown, hosted by the Wisconsin Broadcasting Corporation. We exchanged words. Mr. Baldwin and Mr. Hovde accused each other of lying in the often contentious debates and […]
‘Rot and decay’: Rep Hank Johnson argues SCOTUS term limits are path forward for removing ‘corrupt’ justices
Georgia Democratic Rep. Hank Johnson, a strong supporter of Supreme Court reform, argues that term limits for judges are a way to eliminate the “potential for long-term corruption and decline” that currently exists on the high court. said. “Term limits are a way to create a process that eliminates the potential for long-term corruption and […]
Conservatives dismiss Biden parole limits on 500K migrants: ‘Optics-driven smokescreen’
The Biden administration's decision not to renew parole for more than 500,000 immigrants who were subject to the controversial migrant flight program was greeted with surprise by some at the time it was announced, but by conservatives. warns that there will be no major changes. “This move is yet another optical smokescreen by the Biden-Harris […]
Milton reaching max limits leads to calls for a new Category 6 designation for hurricanes
Hurricane Milton is already threatening to become one of the strongest hurricanes on record with wind gusts exceeding 200 miles per hour, prompting calls for a new Category 6 designation for such intense superstorms. 'These are astronomical numbers' Florida Meteorologist Noah Berggren said: Late Monday, Milton reached sustained winds of 180 mph and “gusts over […]