Able Wealth Management's blog on personal finance, financial planning, investing, taxes, and the behaviors and decisions that influence our actions.

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Backdoor Roth IRAs present an enticing avenue for high-income individuals aiming to optimize their retirement savings. However, this path is laden with potential hazards. This article aims to demystify the complexities of Backdoor Roth IRAs, highlighting common missteps and providing advice on how to circumvent them.

The world of investments is vast, with every option promising high returns and enticing success stories. One such avenue that has long been regarded as the ultimate path to riches is rental real estate. It’s hard to ignore the success tales of people who made fortunes through property rentals. Often touted as the epitome of passive income, this venture is painted in the brightest colors by many real estate gurus. But is this picture entirely accurate, or is there a darker side to it?

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