Entries by designmaster

Backdoor Roth IRA – how to benefit from this tax loophole

What is a backdoor Roth IRA? A backdoor Roth IRA is a tax loophole that someone with a higher income can use to contribute to a Roth account. What is a ROTH? A Roth is a tax-advantaged retirement account where you contribute income after paying taxes on them. The money grows and just like a 401K or […]

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Parenthood: 5 financial planning must-dos for parents

Natalie is a single mom of her two-year-old adopted son, Nirvik. As a nurse practitioner at a large hospital, Natalie had always been responsible but prior to Nirvik, she had never really planned for the future. As parenthood came into her life, she went from being a care-free thirty-four-year-old to a planner. Once the dust […]

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How to get into the stock market? Is now a good time to invest?

Summary: If you have cash in the sidelines today, you might be wondering how do I get into the stock market. Is it too late for me? Is now a good time? First, acknowledge that it will never feel like it’s a good time to invest; trying to time the market to buy low and […]

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Investing for beginners: How do I start investing?

Recently, I received the following message from my friend, Larissa. In talking to people about investing, this is a recurring theme I hear from many. In providing an answer to her, I will provide a guide to investing for beginners. If you have an investment question of your own, please write to me here or […]

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Questions to ask a financial advisor

The new year is a time to start afresh but as the saying goes, “those who do not learn history are doomed to repeat it.” So, when you meet your advisor or check on your portfolio next, ask your financial advisor these 12 questions to understand your portfolio’s history and to chart a path forward: […]

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Do you need a will or a trust? Read Mrs. No-Will’s story.

Mr. No-Will died suddenly and without a will. He was the chief financial officer of the family. Mrs. No-Will is an Economics professor at UC Berkeley, but does not know anything about wills and trusts. As she picks up the pieces after her husband’s death, she learns that since he did not have a will, […]

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How to choose funds in your 401K?

Last week, a friend of mine asked me the following question about how to choose funds in his 401K. Sam is the founder of a successful tech company that processes payments for overseas transactions: Question: Hi Roshani! Finally, setup 401k for our company. Any advice on how to choose funds to invest in? I know […]

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So…I got scammed!

I was walking to my dentist appointment. It was a sunny Friday afternoon in San Francisco with a quiet, happy breeze. I smiled to myself as I thought about my life. Nothing felt missing or needed mending. Yes, there were things I needed to work on but I felt content, grateful for the moment. Identity […]

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Find the best ways to utilize the power of ROTH

When I took my first job out of college, believe it or not, I had never heard of a 401(k) or a ROTH. At orientation, I was handed a large packet of financial literature and told where to sign up for a retirement plan, if I wanted to. I thought it was strange to do […]

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Five lies you have been told about investing

When I was twenty-four years old, I started researching where to invest my money. I had been out of school and working for a couple of years and had managed to gather a small saving. Even though I worked for the wealth management group at Goldman Sachs, I still had no idea how to invest […]

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