If you’re a high-income earner you may have already maxed out your traditional Roth IRA or found yourself phased out due to income limits. But there’s a powerful tool that many investors haven’t fully taken advantage of—the Mega Backdoor Roth IRA. Despite the complicated name, the strategy is surprisingly straightforward and can be a game-changer for long-term, tax-free wealth accumulation.
When you’ve accumulated substantial assets and your retirement horizon is in sight, investment isn’t about chasing every hot trend; it’s about preserving wealth, generating income, controlling risk, and handing forward a legacy. For high-net-worth individuals, the stakes are higher, but so are the opportunities. Below are strategies from Seaside Wealth Management that can help ensure your wealth continues to grow, supports your desired lifestyle, and weathers market cycles, inflation, and unexpected events.
For many individuals, retirement planning is more than just growing a nest egg, it’s about protecting, preserving, and transferring wealth in the most tax-efficient way possible. At Seaside Wealth Management, we believe that tax strategy is not an afterthought, but a cornerstone of your overall financial plan. Our integrated approach ensures that tax considerations are woven into every investment decision, allowing your portfolio to work harder while keeping more of your returns in your pocket. By blending tax efficiency with comprehensive wealth management, we help you create a retirement plan that supports your lifestyle now and safeguards your legacy for generations.
If you’ve opened your Medicare bill and noticed a sudden spike in your premium, you’re not alone. Many retirees are facing something called IRMAA, short for Income-Related Monthly Adjustment Amount. While the name sounds complex, the takeaway is straightforward: higher income results in higher Medicare premiums. The good news is that there are ways to manage it.
Planning for retirement today is not what it was for previous generations. Pensions are less common, Social Security may not cover the full cost of living, and healthcare expenses continue to climb. Add to these factors the uncertainty of market volatility and changing tax laws, and it’s no wonder many people feel overwhelmed. A retirement financial advisor can help you navigate these challenges. Instead of guessing or piecing together conflicting advice, you’ll have an expert who understands both the big picture and the small details that make your plan work.
When a thousand-page piece of legislation becomes law, it’s easy to get overwhelmed. But for those planning retirement or already in it, this “one big beautiful bill” could offer major planning opportunities. At Seaside Wealth Management, we’ve been digging into the details and want to share the biggest takeaways for our clients.