Alterra Advisors

Backdoor Roth IRAs – What are they and are they worth it?

Roth IRAs are one of the few ways to build tax-free retirement income. And with a long retirement timeframe, they can build quite the snowball. As an example, $10,000 in a Roth IRA at age 30 earning 7.2% per year would double every 10 years, meaning you would have over $80,000 at age 60, or… Read More »

How to Enroll in Medicare when Turning 65

Turning 65? Medicare can be a daunting topic, but this guide should help understand your options and build your plan to successfully enroll!

Should I Pay Off My Mortgage Early?

I’m thinking of paying my mortgage off early. Being debt free would feel great, but is this a good strategy? Should I be investing those extra dollars instead?

The Mega Backdoor Roth – A Hidden 401(k) Benefit

Microsoft led the way in a rarely utilized benefit within their 401(k) plan – the after-tax Roth conversion. And, slowly but surely, other companies are adopting this plan feature. So, how does it work, what other companies offer it and is it worth it?

You Can Skip Your 2020 RMD…But Should You?