Top 5 Blog Posts from 2021

Top 5 Blog Posts from 2021-Financial Symmetry, Inc.We spend a lot of time researching topics throughout the year to share with you, and we thought you may be interested in reading our top 5 most read blog posts from 2021. Here’s our 5 most read posts from this past year, with an excerpt from each:


1. IRS Letters Due to the 2020 Recovery Rebate Credit

Recently the Internal Revenue Service has been sending out a lot of CP11 notices regarding the 2020 Recovery Rebate Credit being reported incorrectly on 2020 tax returns. If you find yourself receiving one of these letters from the IRS stating that you owe them additional taxes, a penalty, and interest, we hope the following information will help you out.

2. Your Retirement Secret Weapon: The Mega Backdoor Roth, Ep 144

The Mega Backdoor Roth IRA could be the secret weapon you have yet to use in your retirement saving strategy. If you consider yourself a super saver, looking for alternative ways to save tax efficiently, this could be a great option.

This strategy is of most interest to those maxing out all other tax-efficient savings accounts. Including standard employee 401k contributions, Roth IRA, 529, and HSA.

In this episode, you’ll see why we call this the secret weapon for super savers, as we breakdown who the Mega Backdoor Roth is for, why you might be interested in it, and how it compares to other IRAs.

3. What Happens if You Contribute Too Much to a Roth IRA?

So you contributed too much to your Roth IRA. This is often caught during tax season or when reviewing our client’s previous year tax returns.

There are several reasons that cause you to contribute too much to your Roth IRA, but the most common are:

  • Contributed more than the annual amount allowed ($6,000/per person under the age of 50; $7,000 for those aged 50 and above)
  • Contributed more than their earned income
  • Or, most commonly, their income was too high to contribute to a Roth IRA based on IRS Limits

4. Building Wealth by the Decades: One Thing you can do to Ensure Financial Success Ep #129

What is the most important thing you can do for building wealth?

Too often when dealing with financial decisions, we try to over complicate what is best for us. We liked the simplicity of a single thing to focus on, so this week we are breaking down our version of the most important thing you can do in each decade to improve your financial journey.

5. Investopedia 100 Top Financial Advisors of 2020 – Chad Smith

Chad Smith, CFP® was selected as one of Investopedia’s 100 Top Financial Advisors of 2021. He is one of two financial advisors on this list from North Carolina.

Chad was also selected in Investopedia’s 100 Top Financial Advisors of 2020, and you can view the video here.

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