Nick Baker

A few common Roth IRA misconceptions we hear regularly:

• “I make too much to contribute.”
Direct contributions may be phased out at higher income levels, but strategies like the Backdoor Roth IRA can still work in many cases. Just be mindful of the pro rata rule.

• “My spouse can’t contribute because they don’t work.”
A non-working spouse may still be eligible through a spousal Roth IRA if household earned income requirements are met.

• “You can’t access the money until age 59½.”
Roth IRA contributions (not earnings) can generally be withdrawn tax and penalty free at any time, including contributions made through a backdoor strategy.

Small details in retirement planning can create meaningful long-term opportunities when structured correctly.

I primarily work with two types of people: Wealth Starters and Wealth Builders.

Wealth Starters are early in the journey — buying a first home, paying off debt, combining finances, starting a family, or just making good money and wanting to make sure they're doing it right. They need structure, clarity, and a plan.

Wealth Builders are in the thick of it — peak earning years, multiple accounts, busy schedules, and a financial life that's gotten more complex. They need coordination, tax efficiency, and someone thinking 5–15 years ahead so they don't have to.

Two different stages. Same goal: building a financial life that actually works.

If either of those sounds like you — or someone you know — I'd love to connect.

Most people wing it with their finances.

They invest when they remember. They spend what's available. And they call it a plan.

It's not.

Once a year, you should sit down and do a full financial review — look at where your money actually went, whether you're on track, and what needs to change.

It's one of the highest-value things you can do for your financial life, and most people never do it.

Want to stop "winging," it? Let's chat:

Bookings

One underrated perk of a well-built taxable account — you can borrow against it at surprisingly low rates.

Clients use it for all kinds of things:

• Down payments
• Buying a business
• Home renovations
• Short-term cash needs

The dollars stay invested. The rates are relatively low. And depending on the structure, there can be real tax advantages too.

Go in with a plan — know how much you're taking and how you're paying it back.

One of the better tools available right now for the right client.

Schedule time to visit with me here:

*Borrowing against a taxable investment account involves risks and may not be appropriate for all investors. Loans secured by securities are subject to collateral requirements, variable interest rates, and lender terms, and a decline in account value may result in a demand for additional collateral or liquidation of assets. Tax considerations vary based on individual circumstances and loan structure; potential tax advantages are not guaranteed. This information is provided for informational purposes only and is not intended as investment, tax, or legal advice. Consult your financial, tax, and legal professionals before implementing any strategy.

Bookings