David Lee Roth made a triumphant comeback from a five-year stage absence Saturday night at the M3 festival, delivering a strong set of Van Halen classics with the help of a killer eight-piece band You can see video and the full set list from the show below "We've reached the end of my first retirement," the singer joked at one point nine?" The set was completely dominated by Van Halen songs not even his hit cover of "California Girls." The singer was joined by Al Estrada on guitar Francis Valentino on drums and a keyboard player whose name we are not sure of quite yet Roth made great use of a new four-piece group of backing vocalists a brilliant addition to his live show and a textbook example of turning a recent weakness into a strength "Ain't no tracks up here tonight Roth played off his new vocal section repeatedly during song breakdowns and of course they did "I'm the One" complete with the big a capella breakdown It was Roth's first official show since he opened for Kiss on March 10, 2020 in Lubbock Texas just before the COVID-19 pandemic shut down the tour When Kiss returned to the road a year and a half later they did so without the former Van Halen singer Roth announced an early 2022 Las Vegas residency in October 2021, but wound up canceling all of those shows Roth has reportedly played a handful of private shows since that time, in addition to posting a variety of previously unreleased songs, countless dance videos and occasionally trading barbs with his buddy Sammy Hagar on YouTube Although there's only one other confirmed date on Roth's 2025 schedule so far - Sept. 12 at the Mountain Winery in Saratoga, California - the singer seemed to hint at bigger plans as the show drew to a close After repeatedly congratulating his band for playing "a perfect fucking show," he told the crowd Watch David Lee Roth Perform at the M3 Festvial "Ain't Talkin' 'bout Love"16 Gallery Credit: Ultimate Classic Rock Staff The Van Halen star made fantastic use of a a new four-man group of backing vocalists.\nRead More David Lee Roth made a triumphant comeback from a five-year stage absence Saturday night at the M3 festival, delivering a strong set of Van Halen classics with the help of a killer eight-piece band It was Roth's first official show since he opened for Kiss on March 10, 2020 in Lubbock Texas just before the COVID-19 pandemic shut down the tour Roth announced an early 2022 Las Vegas residency in October 2021, but wound up canceling all of those shows Roth has reportedly played a handful of private shows since that time, in addition to posting a variety of previously unreleased songs, countless dance videos and occasionally trading barbs with his buddy Sammy Hagar on YouTube Although there's only one other confirmed date on Roth's 2025 schedule so far - Sept. 12 at the Mountain Winery in Saratoga, California - the singer seemed to hint at bigger plans as the show drew to a close. After repeatedly congratulating his band for playing "a perfect fucking show," he told the crowd. "See you on the road... I'll see you on the road!" David Lee Roth April 3, 2025 M3 Festival Set List Tap to enable a layout that focuses on the article Print Diamond Dave is back in the live business David Lee Roth performed his first public concert in more than five years Saturday night at the M3 music festival in Columbia, Md. — a 75-minute set of classics by his old band Van Halen, according to Rolling Stone in which he was accompanied by a band that included guitarist Al Estrada and four backing vocalists According to a set list published by Ultimate Classic Rock, Roth, 70, opened the concert with Van Halen’s “Panama” and went on to play “You Really Got Me,” “Dance the Night Away,” “Runnin’ with the Devil,” “Jamie’s Cryin’,” “Hot for Teacher” and other Van Halen hits before closing with the band’s Hot 100-topping “Jump.” Music the former Van Halen frontman tells the stories behind six of his songs Ultimate Classic Rock reported that Roth joked onstage that the show marked “the end of my first retirement” — a reference to his announcement in late 2021 that he was calling it quits due to unspecified health issues Ticketmaster listed more than a dozen upcoming shows by Roth starting July 22 at the California Mid-State Fair in Paso Robles Roth’s most recent show before Saturday’s was a private 2023 corporate gig for Home Depot he opened for Kiss on a tour that ended in March 2020 amid widespread cancellations and postponements related to the COVID-19 pandemic The singer was scheduled to play a residency in Las Vegas in early 2022 but called off the shows before they happened Saturday’s performance came as Sammy Hagar — who replaced Roth as Van Halen’s frontman in 1985 — has been talking publicly about Van Halen, whose founding guitarist, Eddie Van Halen, died in 2020. Sammy Hagar and the Goo Goo Dolls all performed on Day 3 of the country music mega-festival in Indio Last month, ahead of Hagar’s appearance at Indio’s Stagecoach festival, Hagar told The Times that he and Eddie had discussed a reunion before the guitarist’s death and that Eddie had asked him not to talk about the plans with Eddie’s brother Hagar went on to tell Rolling Stone that he thinks Alex — who made no mention of Hagar in his 2024 memoir — is angry at him because “I’m out doing it … and he can’t.” After Stagecoach Hagar launched a Vegas residency at the Park MGM Van Halen’s final concert took place in October 2015 at the Hollywood Bowl — the second of two dates in the band’s Los Angeles hometown to wrap a tour featuring Roth on vocals and Eddie’s son Wolfgang Van Halen on bass. Mikael Wood is pop music critic for the Los Angeles Times. World & Nation Entertainment & Arts Lifestyle Subscribe for unlimited accessSite Map VAN HALEN singer David Lee Roth has announced nearly two dozen summer 2025 solo tour dates Roth's 21-date trek is scheduled to launch on July 22 in Paso Robles California and conclude on September 14 in Napa A Live Nation pre-sale using the code "FREESTYLE" will begin Tuesday (May 6) at 10 a.m CA - California Mid-State FairJuly 31 - Davie FL - Seminole Hard Rock Tampa Event CenterAug OK - Lucas Oil Live At WinStar World Casino And ResortAug AZ - Gila River Resorts & Casinos - Wild Horse PassSep Roth played his first full solo concert in more than five years Saturday night (May 3) at the 2025 edition of the M3 Rock Festival at the Merriweather Post Pavilion in Columbia Ain't Talkin' 'Bout Love (VAN HALEN song)16 Fan-filmed video of the performance can be seen below "We've reached the end of my first retirement," David joked at one point during the show Roth originally left VAN HALEN to pursue a solo career following the success of the band's album "1984" but he returned for a stint in 1996 and then took over as VAN HALEN's frontman again from 2007 until 2020 although the band had not toured since 2015 Roth has been releasing solo versions of several VAN HALEN classics 2022 during a session at Henson Recording Studio in Hollywood Joining Roth in the studio were Al Estrada on guitar Ryan Wheeler on bass and Francis Valentino on drums A total of 14 songs were recorded in two hours The music and the vocals were tracked live with "no samples" and without the pitch-correction technology Auto-Tune Roth canceled the remaining farewell shows he was set to play in Las Vegas after he vowed to retire from performing live event organizers said the cancelations were made "due to unforeseen circumstances related to COVID and out of an abundance of caution for those working and attending the shows." When Roth's Vegas residency was first announced organizers promised "a changing set of 26 instantly recognizable songs Roth postponed the final six shows of his Las Vegas residency due to the coronavirus pandemic that is spreading across the globe Roth's last Vegas residency kicked off on January 8 2020 with a 15-song set that included 10 VAN HALEN classics and five songs from his solo career Backing the singer were lead guitarist Al Estrada from the VAN HALEN tribute band ERUPTION keyboardist Danny Wagner and drummer Mike Mussleman Roth explained that he chose Vegas as the place to debut his new band because "this is where you come to celebrate and do the victory dance In a February 2020 interview with StarTribune Roth openly wondered whether his first tour since VAN HALEN completed its 2015 run of shows would be the last time he would perform "I'm calling it 'The Last Tour'," he said at the time "and then underneath it in parentheses: 'Unless It Isn't' "But this kind of music requires the kind of energy that people in their 20s bring You know what NFL stands for: Not For Long I remember the days when we would stand around and say 'Let's go have a cigarette.' And that's what we did: Four guys having one cigarette Roth performed as the opening act for the North American leg of KISS's "End Of The Road" farewell tour May 4, 2025 12:49 PM EDTDavid Lee Roth returned to the concert stage five years after his last full live show—and nearly four years after announcing his retirement. The original Van Halen frontman performed on May 3 at the M3 Rock Festival at Merriweather Post Pavilion in Columbia Other performers at the weeklong rock fest included Sebastian Bach Roth’s set, complete with four musicians and four backup singers, consisted entirely of Van Halen hits he recorded before the Van Hagar era of the band, as seen in YouTube footage from the show Songs included “Panama,” “You Really Got Me,” "Dance the Night Away,” and “Hot for Teacher.” The rocker also addressed the audience to joke about his revoked retirement. "We've reached the end of my first retirement," Roth, 70, told the crowd, per Ultimate Classic Rock "How many retirements did Rocky have Roth’s last show before this was an opening set for Kiss on March 10 Roth’s stage return came days after he was criticized by fellow former Van Halen lead singer Sammy Hagar. In April, Hagar told Rolling Stone that Roth pulled out of some shows at the last minute during their joint “Sam and Dave” tour in 2002.  he would call in and say that the bus broke down 10 minutes before he was supposed to go on," Hagar claimed Hagar also said Roth should have taken a page from his days as a solo artist instead of just repping Van Halen onstage “He did the worst when he headlined," Hagar said “He did his whole Van Halen show from 1983 ‘What an idiot!’ He should have represented himself a little more like who he was as a solo artist." Roth announced his retirement in an October 2021 comment to the Las Vegas Review-Journal “I’m throwing in the shoes,” the rocker said at the time …I am encouraged and compelled to really come to grips with how short time is and my time is probably even shorter.” compelled me to really address that every time I go on stage I endanger that future,” Roth added Van Halen News Desk The Latest News & Info about The Mighty Van Halen May 5, 2025—by VHND Leave a Comment need somethin’ to keep you cool?Better look out now ’cause Dave’s got somethin’ for you and all his flavors are guaranteed to satisfy David Lee Roth has announced 21 new tour dates! These shows go on pre-sale tomorrow (Tuesday, May 6) at 10AM EDT via Ticketmaster Roth returned to the stage Saturday night (May 3rd) at the 2025 edition of the M3 Rock Festival at the Merriweather Post Pavilion in Columbia This marked his first full solo concert in more than five years performing a pure-classic Van Halen setlist We have the exclusive on everyone in his new band: Al Estrada on guitar and a four-piece group of backing vocalists: Andre Washington FL – Seminole Hard Rock Tampa Event Center OK – Lucas Oil Live at Winter World Casino and Resort OK – Hard Rock Hotel and Casino – Tulsa AZ – Gila River Resorts & Casinos – Wild Horse Pass Filed Under: 2025, Dave Solo, David Lee Roth, News, Van Halen All Rights Reserved · Disclaimer: VHND is not affiliated with Van Halen Fresh off his first public performance in five years, David Lee Roth has announced a summer 2025 tour The former Van Halen singer is currently scheduled to hit the road July 31 in Hollywood with 12 newly announced dates concluding Sept He had previously announced one other show Roth made a triumphant return to the stage at the M3 Festival Saturday night performing 16 classic Van Halen songs with the help of a newly expanded backing band drummer Francis Valentino and a keyboard player he was joined by a four-piece group of backing vocalists Prior to this weekend's performance, Roth's last public live show was opening for Kiss in March 2020. He announced his retirement in late 2021 shortly before he had been scheduled to begin a Las Vegas residency "We've reached the end of my first retirement," he joked at one point during the M3 show READ MORE: David Lee Roth Triumphs at First Show in 5 Years - Setlist + Video Tickets for all twelve of the newly announced David Lee Roth shows will be available for pre-sale on Tuesday, May 6 at 10AM ET via Ticketmaster @ Seminole Hard Rock Tampa Event CenterAug Gallery Credit: Chad Childers, Loudwire The former Van Halen singer will hit the road after making a triumphant return from a five-year retirement.\nRead More Fresh off his first public performance in five years, David Lee Roth has announced a summer 2025 tour The former Van Halen singer is currently scheduled to hit the road July 31 in Hollywood Roth made a triumphant return to the stage at the M3 Festival Saturday night Prior to this weekend's performance, Roth's last public live show was opening for Kiss in March 2020. He announced his retirement in late 2021 READ MORE: David Lee Roth Triumphs at First Show in 5 Years - Setlist + Video Tickets for all twelve of the newly announced David Lee Roth shows will be available for pre-sale on Tuesday, May 6 at 10AM ET via Ticketmaster Rocker David Lee Roth has been added to the 2025 California Mid-State Fair's concert lineup Roth is scheduled to perform in the Chumash Grandstand Arena on Tuesday Tickets range in price from $50 to $110 and will go on sale starting at 10 a.m. on Friday, May 9. Tickets will be available for purchase on the fair's website via Ticketmaster As frontman for the legendary rock band Van Halen Roth is known for singing hits such as "Jump," "Panama," "Hot for Teacher," and many more This year’s California Mid-State Fair takes place from July 16 through July 27 at the Paso Robles Event Center We have the address for the funeral home & the family on file If you're not happy with your card we'll send a replacement or refund your money Pending View Obituary & Service Information The family of Carl Roth created this Life Tributes page to make it easy to share your memories Made with love by funeralOne READ MOREDavid Lee Roth to rock Du Quoin State Fair by WICS (WICS) — The Du Quoin State Fair is set to host a rock and roll legend as David Lee Roth whose dynamic performances and distinctive vocal style helped catapult Van Halen to fame in the 1980s is expected to deliver a memorable show for fairgoers "Bringing a legend like David Lee Roth to the Du Quoin State Fair is a major win for our fairgoers and for Southern Illinois," said Illinois Department of Agriculture Director Jerry Costello II This show is going to be something special." marked by hits such as "Jump," "Panama," "Hot for Teacher," and "Runnin’ with the Devil," contributed to the band's sale of over 80 million records worldwide and their induction into the Rock and Roll Hall of Fame Roth's solo career further cemented his status as a rock icon "David Lee Roth is more than a rock star—he’s a trailblazer in rock music," said Du Quoin State Fair Manager Luke Davison "Whether you grew up blasting Van Halen or discovered his music on a classic rock playlist this is the kind of act that gets everyone excited We can’t wait to welcome him to Du Quoin." Roth's enduring influence and energetic performances continue to captivate audiences ensuring his place as a true legend in rock music Early-career doctors often benefit from prioritizing pre-tax savings because they face higher immediate expenses (loans and preserve flexibility for Roth conversions later Another important nuance they explore is that sometimes Roth is better even when pre-tax looks appealing, especially for high earners who save aggressively and may eventually be pushed into high retirement tax brackets (due to Required Minimum Distributions or losing the chance to fill lower tax brackets) They recommend careful modeling—not just looking at percentages of Roth vs pre-tax but the actual dollar amounts in pre-tax at retirement Should You Make Roth or Traditional 401(k) Contributions? Roth vs. Tax-Deferred: The Critical Concept of Filling the Tax Brackets It's incredibly helpful and one of the few places I found clear and accurate info on more advanced retirement planning topics My husband has a solo 401(k) for some self-employment income He maxes out his employee deferral at his W-2 job he's used the solo 401(k) for employer contributions and a Mega Backdoor Roth and his new workplace plan allows a Mega Backdoor Roth If he maxes out up to the $70,000 limit at his W-2 job between employee can he still do a Mega Backdoor Roth in his solo 401(k) I know the $23,500 employee deferral is per person but is the $70,000 overall limit per person or per plan I've seen conflicting info out there and would love it if you could clarify it for me once and for all.” Just keep in mind that you only get one employee deferral of $23,500 total but the employer and after-tax contributions are completely separate for each plan They also bring up an important tax-saving move for business owners called the Pass-Through Entity Tax (PTET) After the 2018 tax law changes limited deductions for state and local taxes (SALT) to $10,000 you can pay your state income taxes through your business instead of personally which makes those payments federally deductible as a business expense This can save business owners thousands of dollars PTET is available in most income-taxing states and you have to stay alert for possible changes as Congress keeps debating SALT cap rules If you're a business owner and this is the first you’re hearing about PTET legal way to claw back a valuable deduction that high earners often miss Multiple 401(k) Rules – What to Do with Multiple 401(k) Accounts Avoid the SALT Cap with the PTET Loophole “I am currently in my second year as an attending emergency medicine physician practicing in Dallas And I have a question regarding a prior 401(k) of my wife's from a previous employer She is now only working part-time at a new employer as she is finishing her PhD and does not receive retirement benefit options with her current new employer I am trying to figure out what is best way to roll the prior 401(k) over the options include rolling it over to an IRA or to a Roth IRA Are these the only two options other than taking the money out with penalty Also I was curious if it would be a better option to open a spousal IRA or spousal Roth IRA for her and rolling the money over into that given that she will not be able to contribute that much with her significantly decreased income over the next couple of years But I was not sure if that would even be allowed given that she will still have some income outside of the home I appreciate any thoughts and input and also sincerely appreciate all the work that you do It has significantly improved our financial stability over the past few years but that might cause headaches if you want to do Backdoor Roth IRAs in the future because of the pro-rata rule Converting the whole thing into a Roth IRA is another option is to just leave the old 401(k) where it is especially if the plan has good investment options and low fees This can keep things simple without interfering with Backdoor Roth strategies later They also asked about whether they could open a “spousal IRA” and roll the old 401(k) into it It’s important to know that a spousal IRA isn’t a special kind of account It’s just a regular IRA that a non-working or low-earning spouse can fund using the working spouse’s income she can still contribute up to $7,000 per year [2025] to her own IRA even if her income is very low or even zero Her small income doesn’t limit her ability to make a full contribution you cannot roll a 401(k) directly into a “spousal IRA.” Rollovers still have to go into a regular IRA or Roth IRA the most sensible plan might be to leave the old 401(k) where it is for now It avoids complicating their ability to do Backdoor Roth IRAs especially since their income likely exceeds the Roth IRA contribution limits when circumstances change (if she gets a full-time job or when they no longer care about Backdoor Roth contributions) they can revisit rolling it into a personal IRA it could also make sense to convert it now to a Roth IRA just to clean things up for future flexibility Jim and Chris dove into a broader discussion about common tax deductions and misconceptions. They explained the home office deduction rules that say you must use a space regularly and exclusively for business and commuting from home to work is never deductible You can take the deduction using a simple $5-per-square-foot method or a more detailed actual expenses method which allows a business to rent your personal home for legitimate business events up to 14 days a year without the income being taxed and how that can sometimes be a bigger win than a home office deduction They ended by talking about why doctors can’t just buy a fancy car deductions are capped by complex depreciation rules They covered the now-closed “Hummer loophole” that used to allow big SUVs to be fully written off and they pointed out that while pickup trucks still offer some larger deductions whether you're deducting a home office or a vehicle and a story you could defend to an auditor Aggressive tax moves without clear justification often backfire If you want to check out the Roth conversion calculator Chris created, click this link To learn more from this in-depth conversation, read the WCI podcast transcript below #220 — Family Physician Millionaire Receives PSLF This family doc has all kinds of milestones to celebrate He knows how to hustle and had the benefit of having his financial awakening during training so he could hit the ground running when he became an attending are sometimes promoted as a useful part of a diversified investment portfolio These bonds can be purchased individually through TreasuryDirect or via mutual funds and ETFs While US Treasuries carry very little default risk they are highly sensitive to interest rate changes the value of long-term bonds can fall sharply 2022 was historically disastrous for bondholders with long-term bond ETFs like TLT losing over 30% making the “safe” part of a portfolio feel alarmingly volatile Some investors argue that long-term Treasuries provide strong protection during stock market downturns Portfolios like the “permanent portfolio” strategy—which divides assets among stocks and long-term bonds—are built around this idea limiting stock exposure to just 25% to accommodate other asset classes can hurt long-term growth as stocks usually perform best across most economic conditions while adding long bonds might stabilize a portfolio in certain crashes If someone chooses to include long-term bonds they must be comfortable with their extreme sensitivity to both interest rate swings and inflation risk Inflation can severely erode the real value of nominal bonds over time inflation-protected securities (TIPS) might offer a safer alternative many investors prefer to keep the bond side of their portfolio safer by sticking to short- and intermediate-term bonds taking most of their risk through stocks instead To learn more about long-term bonds, read the Milestones to Millionaire transcript below For terms and conditions, please visit www.laurelroad.com/wci Disclosures Laurel Road is a brand of KeyBank N.A This is the White Coat Investor podcast where we help those who wear the white coat get a fair shake on Wall Street We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011 Laurel Road is committed to serving the unique financial needs of residents and doctors We want to help make your money work harder and smarter If credit card debt is weighing you down and you're struggling with monthly payments a personal loan designed for residents with special repayment terms during training could help you consolidate your debt White Coat Investors also get an additional rate discount when they apply through laurelroad.com/wci I'm being told that if we title these podcasts differently a different number of people listen to them “Millionaire” and something about Roth in the title we're going to talk about some of that stuff today I figured it was fair enough to put it all into the title Thanks everybody out there for what you're doing I know you're not all online infopreneurs like we are You're actually doing important work where it makes a difference in people's lives Sometimes we don't acknowledge as much as we should just how difficult your jobs are we have got a promotion going right now on our online courses So you got about nine days if you listen to this the day it drops If you go to whitecoatinvestor.com/courses you'll see that we have 20% off everything That makes our new Fire Your Financial Advisor student course just $79 here's as cheap as we can make a course and have this thing We're probably losing money on this course It's Fire Your Financial Advisor designed for students You get credit for what you paid for the student version You can upgrade to the attending version later That CME version is called Financial Wellness and Burnout Prevention for Medical Professionals but it makes the entire thing qualify for CME if you don't know the stuff we're teaching in this and you could spend a lot of hours trying to learn it yourself reading blog posts and listening to podcasts and reading books or we will spoon feed it to you in these courses put it all together in one place and given it to you all at once There's serious return on investment for these courses whether it's our No Hype Real Estate Investing course whether it is our Fire Your Financial Advisor course whether it's our Continuing Financial Education 2025 course the one we make from the conference each year You don't have to learn much from these more than pay for the price of the course especially when we're giving it to you 20% off I got an email from one of the people we work with for insurance We have these agents that we have worked with for a long time that help a lot of White Coat Investors to get their term life and disability insurance in place They sell together more policies than anybody else in the industry We work with them to make sure they're serving you guys as best they can that they're not hawking you a bunch of whole life policies or anything you don't need But every now and then I get some feedback from them and said he helped implement a disability insurance policy for a resident that had resisted at first to go through with the application but ultimately agreed getting the policy would be in the doc's best interest This is about three months after getting disability insurance to say he's going in for surgery on Friday Turned out he had been diagnosed with cancer and was hoping it would all resolve itself within six months but he was going to have to make a disability insurance claim The point of the email that was being sent was that nobody thinks this is going to happen to them You're taking care of lots of people in their 20s and 30s and 40s that get disabled Whether it's from a cancer diagnosis or whether it's falling off the Grand Teton And imagine how grateful you would be to have that disability insurance in place before you have any sort of a significant nest egg especially if you've got to live off it long-term hopefully this doc's only living off of it for a few months while doing surgery and chemotherapy But it could become a long-term disability And it's good to get that coverage in place when you're young and healthy and it's cheap and you can still get it Because once you have a diagnosis like this much harder to get disability insurance in place “I'm so passionate about what I do every day and this just makes it so evident that our work together is so valuable which allows me to help as many physicians as possible.” So INTRODUCTION AND CHARACTERISTICS OF ENGINEERS AS INVESTORS which I love doing because I get somebody else to bat around with and to argue with and to help answer your questions with I'll introduce him a little more in just a second when I get him on the call But Chris was a speaker at WCICON25 as well as a previous one you don't have to know as much as Chris to be a speaker as you're going to realize as we get into this podcast We're taking applications from now until June 15 and we already got somebody giving that talk or we think somebody had given the talk better than you you have a better chance of being selected as a speaker About 80% of applicants don't get selected I wish I could have all of you come speak at WCICON We want to change it up a little bit every year but we also want to get the really top notch best rated people back from time to time as well But please do apply and we'll take a very serious look at your application I had somebody that I had on the podcast not long ago “I've applied five years in a row and still haven't been selected.” And it's true Sometimes you don't get selected for a while especially if you're a great speaker with a great topic that we want to get out to White Coat Investors at WCICON I apologize in advance if we spend too much time on this episode out in the weeds But I think we spent enough time on basic stuff too that will be beneficial to everybody this is another one of our Friends of WCI episodes And we've got somebody here to help me to explain things to you But what you need to know about Chris is that Chris is not a doc which comes with its entirely different set of strengths and weaknesses we probably deserve our terrible reputation as do-it-yourself investors That's probably not the case for engineers And the reason why is investing is actually an engineering problem you're trying to optimize it to be good enough the engineering mindset lends itself really well I think not only to just being a competent investor Engineers are almost always very comfortable with spreadsheets if you're not comfortable with spreadsheets maybe you shouldn't be managing your own money I'm not talking about designing some fancy high powered one I'm just talking about a little bit of financial calculations in the spreadsheets I think it's pretty important to portfolio management what do you see as the weaknesses of being an engineer when it comes to personal finance and investing Maybe something else I would say is along the same lines is like getting hung up on doing things that may not have the biggest impact overall on the portfolio if it's rebalancing on a really strict schedule or maybe having too many asset classes in your portfolio having a small value and having a small growth and having a Europe international have an emerging markets and have 2.5% of this class and 5% of that class It can kind of get a little bit too complicated there is a tendency to kind of tinker and make things more complex over time I'm going to add a sixth one.” I think there is definitely that tendency as well And keep in mind that the basics remain the same You need to save a reasonable amount of money and you just stick with it in the long term But if all we ever talked about was the basics “Don't carry 30% credit card debt” there wouldn't be much to talk about on this podcast So we're going to get a little bit out into the weeds today Chris did an awesome presentation at our last WCICON in our Continuing Financial Education 2025 class Covered all the details you need to know about business taxes If you've thought about being a sole proprietor you referenced a little bit of rule of thumb I've thrown out there from time to time which is that if a doc doesn't have at least $100,000 in distributions profit from your S Corp above and beyond what you're paying yourself as a salary is probably not worth the hassle of incorporating And you thought maybe even that figure was a little bit too low especially once you consider the 199A deduction Share your thoughts with us about incorporating and maybe how people ought to be thinking about it I think there's maybe kind of the implication that some of the income would be income tax free All the income from your incorporation is ultimately taxable as income The only potential tax savings is that any distributions that you take are payroll tax free if you're above the social security wage base you're only talking about 2.9% or 3.8% savings But there's a whole bunch of other costs that sort of outweigh that I found a lot of places where people would say things like it just makes your business sound so official nobody cares whether you're incorporated or not People don't care about your tax structure at all So you should pick the option that will A) save you most overall taxes including the payroll taxes and a couple of other things I'm about to mention There's some real value in having things be kind of simpler Certainly for some situations if you're able to take two $300,000 distributions save 3.8% and all of that and then there's no sort of offsetting downside I'd say it's probably worth the extra complexity depending on the state that you're in and the rules she has to be incorporated as a personal medical corporation She doesn't have a choice to be a sole proprietor I would recommend to her that she would be a sole proprietor if that were an option There's this payroll tax savings on the distributions but you got to weigh against the extra cost of hiring an accountant to do a separate tax return I think you have to maintain a balance sheet back when she had a professional accountant here but she was paying about $4,000 to have an accountant do bookkeeping and corporate taxes And then that was not even the payroll cost And a payroll service a year costs $500 or $1,000 your $3,800 of payroll tax savings is gone The other thing a lot of people don't realize is that this 199A deduction which is part of the Trump Tax Cuts and Jobs Act that is typically smaller for an S corporation you get that deduction on your whole income you only get that deduction on the business profit Let's be conservative and let's say somebody is in the 24% tax bracket but you're losing 4.8% on the $200,000 of wages that you're paying yourself in addition to all those other downsides you can find cases where people are phased out of that deduction But I think one of the things that I wanted to challenge is this idea that there's all this money that can be saved by incorporating There's probably a relatively small percent 30% of doctors would actually save money by incorporating if I had to just make a wild guess would probably be just better off as a sole proprietorship The other thing people get hung up on with these corporations is they think there's some big liability coverage there that they're going to keep themselves from getting cleaned out in a malpractice suit An LLC is you have the option of being taxed as a sole proprietor or as an S corporation The tax structure is independent from the business structure ROTH VS PRE-TAX CONTRIBUTIONS: HOW TO DECIDE let's go through a little bit more on this topic Because this is probably the most complicated thing in personal finance When you consider all the factors that go into affecting your Roth versus pre-tax contributions or whether you should do a Roth conversion most of the time it's basically the same question But people send me emails all the time with some trivial amount of detail about their financial life and go “Which one should I do?” They just don't realize how complicated this decision is walk us through very briefly kind of typical physician choices Sometimes it requires a calculation or a lot of guesswork to figure out what to do But walk us through typical physician choices of maybe when to be thinking about doing Roth contributions You're basically tax planning for your entire life all the way through retirement and the end of your life and then even estate planning if whatever money you leave to your heirs You're trying to make predictions about your tax situation over many decades and then potentially your heirs who may not even be born yet You don't know whether they're going to end up being investment bankers or teachers And then you also have to consider where you're staying how can you predict what kind of investments you're going to have and how they're going to perform over decades And I think that's one of the reasons why I like it But that also makes it the most difficult problem that I can think of in personal finance I was on a year ago and we went through for about an hour in a lot of detail ways to try to maybe make it a little simpler or maybe add a couple rules of thumb that I think would be applicable to a typical doc that doesn't necessarily fall into one of those categories where it's really obvious therefore you do Roth.” If you're kind of in the middle or even if you're in medical school or whatever if you have a second career and you have some money to convert I think that Roth in those low-income years is correct And if you're in medical school or you're in residency and you're reasonably confident that you're going to be a doctor at least for a while I think it makes sense to take that bet and pay a little bit of extra tax now and hopefully get a bigger tax savings later One of the things that I mentioned last year was that there is this contributing the maximum effect where if you're up at your contribution limit you're able to pack more money into your retirement accounts with Roth than with traditional And that means that you have more money inside a retirement account where it's growing faster because it doesn't have tax drag versus leaving it outside of the account in a taxable account And that over time can give a pretty substantial advantage to the Roth option even if you have a relatively high tax rate now that cuts both ways because the money in the taxable account gets a bigger chunk taken out every year when you're paying that high rate and paying your state taxes on all those capital gains and dividends the advantage for long stretches of time can actually tip back to Roth if you're contributing maximum You've got this advantage where if you pack your accounts with Roth in your 30s you can potentially get this bigger advantage in your 60s and 70s But the other offsetting advantage of pre-tax though especially if you don't have any pre-tax money there's a big advantage for those first few hundred thousand dollars of pre-tax savings those can be converted to Roth at a really low rate And you probably know the statistics better than me If you're starting out as an orthopedic surgeon at 30 there's a decent chance you might not be able to work 35 or 40 full years of that And leaning a little bit pre-tax earlier in your career to protect against the possibility of maybe not having all of that income all those millions of dollars you could calculate out having that materialized for whatever reason or you just get fed up with the field and go just to become a science teacher or something like that There's a significant percentage of docs do that “Do you make this big bet on having this full career of income and maybe getting a slight advantage by doing Roth Or do you go pre-tax to protect yourself against the possibility of maybe not all that income coming in?” I think it makes sense to do pre-tax at least for the first Another advantage of doing pre-tax early in your career is that that's when you have the biggest need for cash Not only are you contributing to retirement accounts Maybe you're using it to do those other things like pay down student loans which is basically a tax-free return because student loan income interest is not tax deductible I think it makes sense to do pre-tax early in your career I think that the balance favors sort of doing that student loan interest can be deductible.” Chris is right It might be deductible for you a little bit while you're a resident your student loan interest is not deductible Somebody has an early career and they already have half a million of pre-tax money I think getting a bunch of pre-tax savings saving some sort of multiple six-figure amount in pre-tax because the advantage of leaving it in Roth for 25 years versus 35 years is not that big You don't get a lot of extra benefit for that extra 10 years Then you're in a better position to make that decision “Do I want to make the bet of putting $30,000 $100,000 a year into a Roth account and pre-paying all those taxes and making that bet on whether I want to have this big multimillion dollar portfolio by the time I'm 70?” I think that's probably the best time to do it The example I gave was a couple living in California high-tax state basically the highest-tax state in the country they'd saved well in their pre-tax accounts One of the spouses was an independent contractor So they had about $1.5 million of pre-tax account by the time they were 45 this is obviously a case for pre-tax.” No pension But when you start to go through the math of it there were a bunch of factors that kind of added up that really shrunk that benefit one of which was that the $1.5 million that they already saved very diligently during the first and that will fill up all the lower brackets they were already going to be in the 24% bracket just from their pre-tax savings and their Social Security and they were in the maybe the 30-some percent bracket now That already shrinks the benefit by eliminating all those lower brackets but people can listen to the other podcast it's between about $200,000 and $400,000 of taxable income Then you pay an extra 5% Medicare premium when you're retired And then there's this contributing the maximum effect which knocked another maybe 10% off of that I think maybe pre-tax had a 3% or 4% advantage when you include all of these factors This is what I walked through in the second part of that which statistically there's a decent chance of that the surviving spouse has to take all that money and all those RMDs on a single bracket scale that was scheduled to have tax rates go up starting in 2026 but that was going to wipe out that benefit Or if this couple retired basically to any income taxing state That 3% or 4% benefit for pre-tax would be wiped out if they decide either to stay in California or to live in any state that taxes the income The way that I like to do it is I try to make it somewhat simpler If you don't have a plan on which state you're going to retire assume you'll retire on the state you're in Run those numbers and see where that gets you And then go through and look at the cases where you've got something that leans heavily in one direction If your plan is you retire in a tax-free state Look at those differences where if something changes but this is the best way that I could think of to try to simplify it and be a little bit more systematic about it You mentioned you get a lot of questions about what's the right percentage of “Should I have 80% in pre-tax maybe I hope this might help some people understand the concept a little better The better way to think about it is what is your absolute number of dollars of pre-tax money that you carry into retirement what really matters as we went through this last year is that the future tax rate matters It's the rate that you pay in the future versus the rate that you pay or save now depending on which retirement account that you choose The calculation for that is the tax bracket which is based on absolute number of dollars It's not the percentage that you have that's pre-tax One of the maybe simplest ways to think about it is however pre-tax balance that you carry into retirement you can add in any guaranteed income you have and then look that up on the tax bracket scale and that will tell you what your future tax rate is or if they had money from an earlier career or whatever or if they had investments that did really well in their pre-tax accounts then that should be a sign that you should lean more toward Roth or maybe do more Roth conversions if you haven't been great about saving pre-tax your investments haven't done really well or whatever if you're carrying a small dollar amount in then you should probably lean more towards saving pre-tax But the point is that calculation of basically your future income versus the tax brackets That's what generates your percent that you pay and that's really what matters the most for trying to decide which one is best you enter retirement with no other taxable income other than Social Security I don't even know if you have to file a return or not coming from a pre-tax account or if you have part-time income or yield from your investments then not only do you pay tax on that income but you also pay tax on a percent of each dollar of Social Security tax there's a range for both of them where you pay a really high tax rate as the Social Security that you pay gets phased in It's easier to hit it if you're single than if you're married if you have anywhere between about $30,000 or $50,000 of other income that's not really a great place to be tax-wise because you're still paying that big spiked rate on that big chunk of income for basically every year that you're in retirement Let's say if you're a single doc and you don't have a huge pre-tax account let's say because you've been an employee your whole career and you've only contributed the $23,000 If you're not bringing this huge pre-tax balance in If you enter retirement with a pre-tax balance around that range A doc can hit that because it's not about your total income the right move is to do a bunch of Roth conversions and then you can come in right under that spike And then most of your income in retirement is going to be coming out of your Roth account You can actually get a significant benefit by doing that I think this is just something to be aware of Usually the right time to check it is maybe 5 or 10 years before you retire Look at your pre-tax balance and see if you're going to be hit by that Some of the factors that are in that calculation are also not indexed for inflation Depending on what time length you're talking about over time that spike gets bigger and bigger and gets a little bit lower and lower on the income become less of a problem for high-income docs Maybe the factors will eventually be indexed for inflation I gave an example in my business taxes talk where if you are affected by the 199A deduction and you contribute money as the employer you are losing that deduction because you're reducing your business profit You basically only get 80% of the benefit of contributing pre-tax as you would if you did it If you're in the 35% bracket and you contribute your $23,000 or $23,500 out of your paycheck you get to save the full 35% in taxes on that But then if you contribute out of the business which let's say it's your 25% of your wages You can get cases if your pre-tax versus Roth calculation is pretty close you can decide to do your business contributions basically as a mega backdoor Roth instead of coming directly out of the business in order to avoid losing that benefit just because you get a little bit less of a benefit by doing that doesn't mean always you shouldn't do it If a pre-tax is very clearly the best option for you then even saving a little bit less might still be better than Roth if you have basically very little pre-tax money But as your pre-tax income starts to rise and as the balance between pre-tax and Roth starts to get more even the first thing that you would want to take out are those business employer contributions And you can switch those to Roth first by doing mega backdoor Roth and then you can still get pre-tax by doing it out of your paycheck My entire 401(k) contribution for the White Coat Investor 401(k) is mega backdoor Roth this is absolutely something to pay attention to we have a decent disagreement on this topic and I think it would benefit the audience for us to explore more about our disagreement But my problem is I'm not sure the calculation is even worth doing a lot of the time because the calculation is so hard Because there's so many factors going into this the first question you got to ask yourself about this question is “Who's going to be spending this money?” And what tax bracket are they likely to be pulling out of the account in a lot of the calculators assume it's you spending the money it's often not the case for all the dollars If people are only taking out about 4% of their portfolio a year they're leaving a portfolio behind to heirs that is 2.7 times what they retired with Somebody else is spending most of that money Somebody else is paying the taxes at a different tax bracket You're paying taxes on money that would never be taxed I think a lot of times people don't know who's going to be spending the money much less what bracket they're going to be in Whether it's their spouse in a lower bracket or a higher bracket themselves in a lower bracket or higher bracket their heirs in a lower bracket or higher bracket I'm not sure the rest even matters all that much Clearly there's cases where it's obvious to do one or the other But I want people to hear you make the case for doing the calculation with the best assumptions you can come up with Let's say you're even trying to come in under one of those IRMAAA tax spikes converting up to the top of your current bracket so you're getting a little bit of extra Roth money at a relatively low rate I think you can make a really strong case that you should be using some sort of software for that and I'd say that if you have basically seven-figure retirement accounts and you're not comfortable doing that on your own I think you could get benefit by hiring a per-hour financial planner a good one like the ones that are on your website Because I do think that there is some real benefit by doing that if you're over 60 with a few million dollars of IRAs I think it's worth it to really put some time into doing some planning for that Where in my mind it gets maybe a little more controversial and this is probably where we have more disagreement and let's say you have a couple of young kids you don't know what their tax situation is going to be like but you have no idea whether it's safe they're going to be living in Maybe you don't know how much you're going to be leaving the charity Or do you sit down and spend a few hours going through the numbers and trying to do this sort of long-range tax planning and that's what I did for me is I sat down and actually not only did I use the tool I'm happy to share that with your listeners who want to go give it a try The second thing is that being a little more systematic about it you can catch things that you maybe miss if you're not using a tool and you're just kind of using rules of thumb Like the example I gave earlier with IRMAA Those can kind of add up to give you sort of some surprising results Then I like the idea of going through the exercise and then doing that and not necessarily having confidence that it's the right thing or I'll rebalance when my bonds go plus or minus 5% from whatever that threshold is.” Then they track in a spreadsheet I don't think it's a mistake to do it that way unless you're thinking that you're necessarily optimizing and getting the best answer I think there is some value in having a process and doing the process not necessarily convincing yourself that you've been able to accurately predict the future but just that it gives you a way to get at that number I like the idea of having that and feeling like I've folded in the best information that I have right now and that I've made not necessarily the correct decision But I'm not sitting here thinking at my age that I have been able to definitely deduce what the best option is in the future to think that you've been able to correctly predict what tax rates are going to be and that when I make my traditional Roth choices this year that I've definitely figured out what the right one is A) I've folded in all of the things that I can think about that could potentially impact this and I've made the best predictions that I can And then every couple of years or whenever we have a major change in our financial life This is the Substantially Equal Periodic Payments basically the early retirement exception for getting to your retirement account money before age 59 and a half You don't pay that 10% penalty for getting your retirement money out But what I learned is that you do have to pay taxes not just on the tax deferred money that you pull out but on the Roth earnings you pull out before age 59 and a half The Roth principal comes out first and comes out tax-free but once you get into the earnings before age 59 and a half I think it's important that people realize that if they're planning on that being a major part of their pre-age 59 and a half funding I don't think that's a big part of people's planning Most people are usually leaving the Roth money for a little bit later and using 457 money and taxable money and that sort of a thing It's one reason to be careful not to get into your Roth earnings before age 59 and a half The other big factor is that the earlier you retire the bigger the spread between your income when you're working and your income when you're retired just because you've got less opportunity for growth and savings where you're really going to need that early access to your money I think we have beaten that horse to death between the two podcasts we've done about it It only becomes power when we apply it and use it Somebody who reads a book and doesn't apply it they're at no advantage over someone who's illiterate action is the second half of the battle.” I love that quote who's got a question about mega backdoor Roth ADVANCED TAX PLANNING: MEGA BACKDOOR ROTHS he's used the solo 401(k) for employer contributions and a mega backdoor Roth He just switched to W-2 employers and his new workplace plan allows a mega backdoor Roth can he still do a mega backdoor Roth in his solo 401(k) I've seen conflicting info out there and would love it if you could clarify it for me once and for all you get for every plan you have access to that belongs to an unrelated employer And that can be filled up with employer contributions the one you use for the mega backdoor Roth IRA process you absolutely can do it in two 401(k)s if both 401(k)s allow it One of them doesn't allow mega backdoor Roth contributions let's say this doc had two separate businesses that they both own Even if the businesses are unrelated in the sense that they're in completely different fields because they're both owned by the same person If this doc has one LLC for making his fishing lures and then the other one for doing moonlighting in an urgent care clinic you and your spouse are not allowed to have separate businesses and then hire each other so that you can get a $70,000 limit in both plans for both spouses The rules are called the controlled group rules They're actually really complicated because they're all these familial relationships if a group of businesses are owned by either you or people that are closely related to you then the limit applies to the totality of those businesses and that limit does not double if you're married if you're a doc that lives in a high income tax state that deduction gets capped at that $10,000 they have an option where if you are a business owner you can pay some of your personal income tax liability through the business and then it becomes a deductible business expense Because when you file your federal business taxes that's listed as a deductible tax that you pay out of the business and then that's a deduction at the federal level but it does benefit the business owners in those states is that they're able to reduce their federal liability and get it back to where it was hopefully close to be fully deductible and I know the calculation from California I don't really know it that well for other states it's definitely worth spending the time to set it up what's going to happen with tax laws and federal tax laws I've heard some proposals from people in Congress about keeping the SALT limit at $10,000 I don't think anybody has any idea what's going to happen with the tax laws in Washington right now depending on what tax law changes happen this year you ought to be paying your state income taxes through the business you really need to look this up and start doing this DEDUCTIONS AND COMMON TAX MYTHS: HOME OFFICE Let's take this one also off the Speak Pipe I am trying to figure out what is best to roll the prior 401(k) over to the options include rolling it over to a IRA or to a Roth IRA But I was not sure if that would even be allowed given that she will still have some income outside of the home I'll kind of go through these one by one and we'll talk about how that applies to this person I like rolling it into the new employer's plan if you can just because there's an advantage to simplicity You could even potentially forget about the old account I like simplicity wherever it can be had for a low price I just rolled it into the new plan when I switched employers The biggest one is that this person's wife is not eligible to participate in the plan And my guess would be that the employer would not allow them to roll money into the plan if they're not eligible to contribute to it But even some employers who you can contribute to but it's basically up to the plan of whether they'd let you roll it in That's where I would expect this person to get caught up if it has bad investment choices or really high fees you would not want to roll money into that new plan That's getting less and less common these days I would just check and make sure that there's good investment choices and low fees a low fee would be maybe less than a few tenths of a percent I don't know where you would draw the line If you're less than a quarter of a percent of fees that's probably good enough to roll the money in there The second option would be to roll it out into an IRA Investment choices and fees are not a problem for IRAs It’s very easy to find IRAs with great investment options and very low fees The only issue is that if you're going to be doing a backdoor Roth IRA then having pre-tax money in that IRA is going to interfere with that because it messes up the pro-rata calculation and I didn't say whether it was pre-tax or Roth rolling it out into a Roth IRA is probably the best choice because there's no downside for that is $236,000 of modified adjusted gross income If the couple's income is above that level then they're going to be wanting to do the backdoor Roth IRA and then having pre-tax money in the spouse's pre-tax IRA is not a good idea I think we're actually probably instituting a fee for that 20% of people just so they're paying their fair share of the plan costs but they probably can't throw you out of the plan You can leave it there for a few years until your spouse gets another job with a 401(k) and can roll the money in there or until you're not going to do backdoor Roths anymore until you retire and then roll it into an IRA This is an option and probably the best one for this couple A spousal IRA is not a separate type of account And the spousal part means that she can contribute to her IRA she can contribute the full $7,000 to her IRA using his income that really doesn't affect how much he can contribute because then she could just contribute and then she would just borrow $4,000 from her spouse Basically there's no impact of her earning on what she can contribute to an IRA She can contribute the full $7,000 either way The other thing that was interesting is this person did mention rolling it out into a Roth IRA I want to be clear that if the money is already Roth I think rolling out into a Roth IRA is the right move rolling it out into a Roth IRA is an option I probably wouldn't do that because that's extra taxable income You're going to you're going to have to pay $100,000 in taxes on that is I think you need to be doing a significant amount of legitimate work in your home office for you to be considering doing this If you're an emergency doc and all you do is maybe you check on your phone And then maybe once a year you put in a holiday schedule request I don't know if that really rises to the level of where I would say you would need a dedicated home office for this The second thing is it has to be your principal place of business if you have a dedicated office you can use somewhere else the IRS doesn't want you also deducting a home office there's this regular and exclusive condition I don't know where you would draw the line for that something like that would maybe be regular You can draw an imaginary line down the middle of the room and you can each deduct your half of the room And that's your exclusive use home office for each of you Those would be things like you can't deduct your mortgage principal payments but you can deduct your mortgage interest if you have a mortgage you got somebody who comes in once a month do the square foot proration and then you can deduct that my spouse has an S corporation and it gets a little more complicated to do the depreciation with an S corporation because the S corporation doesn't own part of the house And this was something that our accountant back when we had a full time accountant there is an exception where if you keep really good records And for our family and with our accountant we went through and decided that the complexity of trying to deduct that depreciation and then having to recapture it later was not worth it for us can we just not deduct the depreciation and then not recapture it?” And that was what we decided to do I'm not 100% sure every accountant in the country is going to tell you that that's okay what the IRS says overall is that even if you don't take it to begin with which is terrible because basically you're recapturing taxes that you never saved in the first place But there is an exception where it says if you keep really good records and you can show that you didn't take it But some people may want to take the depreciation deduction So there's a little bit of complexity there And what people do is they rent their house to their business 14 days a year and they get a deduction for the business but they don't get that income on the personal side And typically that's dramatically larger than the home office deduction it's way better than a home office deduction it has to be for a business purpose for business meetings or for something like that We have not come up with a situation where we could with a straight face say yeah her S corporation really needed this four bedroom house to rent for a week or for however long for a business purpose You can deduct the sign you put on the car But I don't think that's what most people want to get when they do that What you can deduct or whatever the deductible expenses for the car are and then it gets prorated from your business miles But whatever your business miles are divided by the total mileage for the car All of that can get prorated over whatever business miles that you have Before I talk about deducting the price of a car let me just talk about those business miles what the IRS considers commuting is travel from your home to a work site That is never deductible because basically they say wherever you choose to live If you want to live really close to your work Your commute is not deductible even if you're an independent contractor Only the mileage between Hospital A and Hospital B counts as deductible mileage That was the maximum that you could deduct as the depreciation for the first year And then that decreases years after if it's just a regular car I think it's worth if we're talking about this basically Congress said that they don't want these limits on depreciation to apply to farm vehicles Somebody buys a tractor to till the fields in their farm You want to be able to deduct the whole cost of that tractor in one year which above that you still have to deduct only the business miles and business percent of the miles the full price in that first year if the vehicle was over 6,000 pounds they get more crash protection or whatever And then now there's a lot of cars like Range Rovers and larger SUVs that you can buy that are just regular basically passenger vehicles that are above this This was called the Hummer loophole because the Hummer was one of the first cars that was above the 6,000 pound limit What people would sometimes do is they would buy a car really late in the year The 80 miles they drove it in the last two weeks of the year keep an iPhone and videotape the whole drive so it was clear And then they deduct the full price of the car in that one year That is no longer allowed as from what I can tell That is a cap of what you can depreciate for a heavy sport utility vehicle that's over 6,000 pounds I think this is good tax policy because this was an area where people were cheating a lot You can listen to that talk he referred to a few times on business taxes by signing up for Continuing Financial Education 2025 And Chris's talk by itself will probably save you the cost of the course If you want to be a speaker at WCICON like Chris maybe you're too intimidated now after listening to him talk on the podcast But you can sign up for that at wcievents.com Thanks for those of you out there leaving us a five star review and telling your friends about the podcast We got a recent one in from Tifseagles who said “Should be required listening for all college students I found this podcast in 2024 and has made me so much more confident in how to manage my finances The relief from this stress has improved my quality of life immensely Dahle and crew were so thorough in their explanations inspiring confidence in their recommendations I wish I had this information while I was in veterinary school or even earlier Dahle and the WCI team for helping so many of us every day.” “The recommended reading list on the website has also been awesome And the blog complements the material in these episodes so well.” Five stars That does help us to get the word out about the podcast Now this episode was brought to you by Laurel Road for Doctors We're trying to create content that helps you in your life let us know that too and we'll keep giving you more of the same We'll see you next time on the White Coat Investor podcast This is the White Coat Investor podcast Milestones to Millionaire – Celebrating stories of success along the journey to financial freedom This podcast is sponsored by Bob Bhayani of Protuity He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at www.whitecoatinvestor.com/protuity today by email [email protected] or by calling (973) 771-9100 this is the Milestones to Millionaire podcast where we feature you and we celebrate your 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the way it was written and the way it was carried out I was gung ho about starting that as quick as possible And so I think it was November of my second year in residency my income went from $50,000 to about $75,000 And then whenever I started as an attending I worked one night a week in our local emergency room as an attending And that added about $100,000 to my family medicine clinic income And then it's increased about $25,000 a year over the last eight years And right now I will gross a little over $500,000 this year reviewing charts for their nurse practitioners I got my hand in a lot of different stuff and it's worked out I'm fortunate that I work at a place that every year we do a yearly evaluation you can get a raise of anywhere between 5 and 10% What would you tell somebody who's coming out of family medicine residency or is sitting there making average or even below average for family medicine What would you say to inspire them to maybe do a few things to increase their income this philosophy that I'm willing to listen to any opportunity Can we take you to dinner?” My answer was always yes And once I had it narrowed down to two or three different jobs and it's the job that I've stayed with the past eight years but their salary offer wasn't quite as good the only thing keeping me from signing here is your salary is below what I have offered from other places.” Luckily I would come back to the table to them and say I think that my worth to the company is worth more than what you're paying me And this is what I'm asking for.” And I just have the attitude that all they can say is no I think that a lot of us in the medical field and healthcare And we think that by coming to the table and asking for things or trying to negotiate But I assure you that those in admin that you're dealing with they're used to that environment and they're not going to get offended by you asking for more They probably are shocked when docs take the first offer that they're given And they probably are high-fiving each other in the C-suite saying don't be afraid to negotiate for yourself and listen to opportunities when they come I would always make sure that I did my homework that I had key pieces of information that would help me make my case but a lot of people don't realize that every nonprofit has to file their taxes publicly if you work at a nonprofit health system or a nonprofit hospital you can access that information and you can see what a lot of your colleagues are making And that's a good piece of information to have if you're going to go to the negotiating table with your bosses I've only been talking to you for 10 minutes here Tell us how you became so financially literate Once I really started diving into your book and the website I really find this stuff pretty interesting Although what I would tell someone who's just getting into it just all the information that you're trying to absorb at once I remember some of the first couple articles of yours that I read gradually understand those terms and alphabet soup of different accounts I wouldn't get discouraged for people that are feeling overwhelmed and maybe even a millionaire in investments by the time people hear this Congratulations to you and thank you so much for being willing to come on the podcast and share your story to inspire others Now I promised you at the beginning that we're going to talk about long-term bonds And I occasionally run into somebody who advocates for including long-term bonds And you can do this either using a mutual fund or an ETF or buying the bonds directly at Treasury Direct or through your brokerage But there are some downsides to investing in long-term bonds The two main risks when it comes to bonds are default risk that the person you loan the money to or the institution you loan the money to doesn't pay you back that's pretty darn low if you stick to just treasuries The possibility of interest rates going up and causing the bonds you own to be worth less because people can buy bonds that have significantly higher yields now 2022 historically is the worst year we've ever had for bonds it just devastated bond returns because this significant risk with bonds really showed up and showed up in force when you have short-term bonds or even intermediate-term bonds Short-term bonds lost single-digit amounts that year they were thrilled to see their yields go up Intermediate-term bonds might've lost as much as low double digits TLT is an ETF that just invests in long-term treasuries I think its return in 2022 was worse than minus 31% That sounds like a stock bear market to lose 31% And to do that in what's supposed to be the safe portion of your portfolio is pretty unappealing to me and to lots of people like me that don't like seeing that sort of volatility out of the safe portion of your portfolio they're all for including these long-term treasuries in their portfolio is that when things get really bad for equities the bonds that tend to do the best are the long-term treasuries the longer-term bonds have the best returns when there's a flight to things that people think are going to be liquid and are going to be safe actually prefer nominal treasuries even over TIPS And when you have long-term bonds in there with stocks maybe they provide the best opposition to stocks in that respect And there've been portfolios that have used long-term bonds over the years Maybe you've heard of the permanent portfolios like 25% stocks and 25% gold and 25% cash and 25% long bonds The theory is that each one of those assets will do well in a certain type of economic situation The problem is the economic situation where stocks do best is actually the most common one only having 25% of your money in stocks has significant downsides in the long run but I feel like the people pushing it and the discussion I'm seeing on it in online communities is a bit more prominent than I have heard for a long time if you decide to do this with your portfolio you've got to look at the performance of the whole portfolio because this is going to be a volatile asset class Hopefully volatile in a good way for you a lot of the time but also at times a year like 2022 is going to show up and you're going to lose a whole bunch of money in bonds if your own individual bonds and maybe you look at it as I don't lose anything because I'm still getting the same deal by the time I get it back.” But you got to be okay with that you got to be okay with significant inflation risk This is another significant risk with long-term nominal bonds When I see people getting out into these long-term treasury ladders If they're trying to provide spending money for the year they turn 82 and they're buying it when they're 58 or something So at least it's indexed to inflation because if we get 9% inflation like we had a few years ago and that persists for three that's going to take an awful lot out of the real value of those long-term treasuries I prefer taking my risk on the equity side Not only do I keep the quality of my bonds high the term risk of these bonds relatively low the short-term and maybe some intermediate term bonds Be careful if you decide to add the long-term bonds to your portfolio but it's possible that that'll work out well for you in the long run This podcast was sponsored by Bob Bhayani of Protuity “Bob has been absolutely terrific to work with Bob is always quickly and clearly communicated with me by both email and or telephone with responses to my inquiries usually coming the same day I have somewhat of a unique situation and Bob has been able to help explain the implications underwriting process in a clear and professional manner Contact Bob at www.whitecoatinvestor.com/protuity today or you can email [email protected] or by calling (973) 771-9100 to get disability insurance in place today we'll have another podcast for you next week We'll see you next time on the Milestones to Millionaire podcast https://docs.google.com/spreadsheets/d/1n9dwsheLoKXyWgouNuYy-lmjoMVHeXQ_/edit?gid=1747614430#gid=1747614430 Josh has put it in the comments now and I’m sure he and Megan will make darn sure it’s in the show notes if it wasn’t there already Thanks for letting us know you were having trouble finding it We’ll try to fix that issue for everyone else The link to the ROTH conversion calculator does not appear to posted anywhere The possibility of this thing making it through (https://www.congress.gov/bill/119th-congress/house-bill/904) gives Jim some support for the don’t bother calculating camp So much of the discussion about the spike because of social security being taxed or not disappears but unknowable due to possibilities like this Is the real estate course included in the 20% sale I went to purchase and was the same as the regular price (2199) I’ll send her a message – it looks like she thought the discount was automatically applied but you have to use code PODCAST20 at checkout to get the 20% off you mentioned doing a mega-backdoor Roth for WCI’s employer contribution My understanding is employer contributions must always be pre-tax not after-tax The answer is that mega-backdoor Roth contributions start out as *employee after-tax* contributions they work like normal employee elective deferrals out of your paycheck except they are not subject to the $23,500/person/year limit; you can contribute up to 100% of your compensation this way then you can simply contribute the remainder of what you don’t contribute as employee elective deferrals or employer contributions up to 100% of net business income minus half of self-employment tax they do not reduce the business profit and thus the 199A deduction (if you are otherwise entitled) They’re after-tax employee contributions One reason I hate the podcast format for complicated topics like this one You can’t go back and proofread before hitting publish and it’s harder to correct afterward It’s much better for motivational topics than informational ones I took a homework assignment on the podcast which was to research whether you need to actively use your home office before/after each trip to/from another work site to deduct that trip assuming you meet all the criteria for a home office (principal place of work etc.) you do *not* need to use the home office each time you travel to deduct the trip If you have an office in your home that qualifies as a principal place of business you can deduct your daily transportation costs between your home and another work location in the same trade or business for information on determining if your home office qualifies as a principal place of business.)” “Daily transportation expenses you incur while traveling from home to one or more regular places of business are generally nondeductible commuting expenses there may be exceptions to this general rule You can deduct daily transportation expenses incurred going between your residence and a temporary work station outside the metropolitan area where you live daily transportation expenses can be deducted if (1) you have one or more regular work locations away from your residence; or (2) your residence is your principal place of business and you incur expenses going between the residence and another work location in the same trade or business regardless of whether the work is temporary or permanent and regardless of the distance.” Neither mention a requirement to use the office on the day of travel to make the trip deductible which leads me to believe there isn’t one You give the link on Chris’ tool for evaluating Roth but you call it a “Conversion Calculator” What I see in the tool is a “should I make Roth or Traditional contributions” calculator https://www.whitecoatinvestor.com/roth-contribution-or-conversion/ Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" A budget is the most powerful and cheapest skill you can use to manage your finances We recognise you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore cannot grant you access at this time e-mail us at news@wandtv.com or call us at 217-424-2500 Rosary will precede the Mass Thursday morning Mass of Christian Burial will be at 10:30 a.m Cecilia Catholic Church in Hastings with Father Craig Clinch officiating The burial will be at Parkview Cemetery in Hastings and one hour before the service at the church Cecilia Catholic Church or to the William and Rita Roth Trust The service will be live-streamed on Livingston Butler Volland Funeral Home’s website go to Rita’s obituary and click the play button shown toward the bottom of the page Condolences may be sent to the family at www.lbvfh.com Livingston Butler Volland Funeral Home & Cremation Center is serving the family CO to Cornelio and Isadora “Dora” (Hinojosa) Lucero She was the fourth child of eight children (four boys Mark’s Nursing School in Salt Lake City UT; received her bachelor’s degree from Hastings College NE; and her master’s degree from Kearney College She practiced nursing for 39 years at Mary Lanning Hospital and the Hastings Regional Center She married William “Bill” Roth in 1955 and remained in the union for 69 years and was blessed with seven sons and one daughter Rita has a Native American artifacts collection of hundreds of arrowheads and tools she has found along the Little Blue River Rita was preceded in death by her parents; three brothers Husband: William “Bill” Roth – Blue Hill The original Van Halen frontman famously announced his retirement four years ago Jessica is a staff writer at Entertainment Weekly Fresh off his first public performance in five years David Lee Roth appears to be ready for more The former Van Halen frontman just announced dates for a summer tour San Diego and more before wrapping in Napa A complete list of dates and ticket information can be found at DavidLeeRoth.com headlining the annual M3 Rock Festival at the Merriweather Post Pavilion in Columbia where he treated the crowd to a set filled with Van Halen classics It was the singer’s first public performance since March 2020 There are no listening rewards available at this time Need help accessing the FCC Public File due to a disability Please contact Melissa Johnson at publicfilestlouis@hubbardradio.com This web site is not intended for users located within the European Economic Area Fresh off his first public performance in five years, David Lee Roth has announced a summer 2025 tour The former Van Halen singer is currently scheduled to hit the road July 22 in Paso Robles California with 20 newly announced dates concluding Sept Read More: Steve Vai Says 'Eat 'Em and Smile' Reunion Was One Chord Away Information on ticket sales for the 20 newly announced David Lee Roth shows can be found at his official website CA - California Mid-State FairJuly 31: Hollywood CA - Humphrey's Concerts by the BaySept The former Van Halen singer will hit the road after making a triumphant return from a five-year retirement.\nRead More Fresh off his first public performance in five years, David Lee Roth has announced a summer 2025 tour The former Van Halen singer is currently scheduled to hit the road July 22 in Paso Robles Read More: Steve Vai Says 'Eat 'Em and Smile' Reunion Was One Chord Away Information on ticket sales for the 20 newly announced David Lee Roth shows can be found at his official website https://t.co/UGdXcPV89n pic.twitter.com/CtGJ59tsvx while Sammy Hagar was in Las Vegas performing Van Halen classics during his The Best of All Worlds residency was performing them also — in Maryland Roth hit the stage Saturday for the first time since 2020 during his headlining show at the annual M3 Rock Festival at the Merriweather Post Pavilion in Columbia Roth treated crowds to a 16-song set filled with Van Halen tunes According to setlist.fm Roth kicked things off with “Panama,” and went on to perform such classic Van Halen tracks as “Dance the Night Away,” “Running with the Devil,” “Jamie’s Cryin'” “Hot for Teacher” and “Ain’t Talkin’ Bout Love,” along with the band’s Kinks cover “You Really Got Me,” “And The Cradle Will Rock,” “Everybody Wants Some” and more He ended the night with “Jump,”  Van Halen’s only #1 single The M3 Rock Festival set was the singer’s first public performance since March 2020 A Las Vegas residency that was supposed to begin in December 2021 was billed as his final shows Roth has one other show booked for this year: He’s set to play The Mountain Winery in Saratoga David Lee Roth has announced several tour dates for the summer and early fall of 2025. These dates follow the Van Halen singer’s first full public performance in five years, which took place on May 3rd at the M3 Rock Festival in Columbia he performed a 16-song set consisting entirely of Van Halen classics May 6th) at 10 am local time followed by the public sale on Friday It’s worth noting that after his M3 Rock Festival performance “We’ve reached the end of my first retirement “There’s always a tomorrow for a singer Not so much for a trombone player these days How many times did Rambo have to come out of retirement in order to make the sequel?” In the past couple of years, Roth has released nearly 20 tracks stemming from two separate recording sessions from 2007 and 2022 Copyright © 2013-2025 The Music Universe. All rights reserved. Any unauthorized duplication is a violation of applicable law. TMU participates in various affiliate and advertising programs, including, but not limited to, Amazon, Ticketmaster, and others, and earns from qualifying purchases. Cookie ConsentWe use cookies to improve your experience on our site. By using our site, you consent to cookies. Cookie Preferences×Manage your cookie preferences below: Essential cookies enable basic functions and are necessary for the proper function of the website Statistics cookies collect information anonymously This information helps us understand how visitors use our website Marketing cookies are used to follow visitors to websites The intention is to show ads that are relevant and engaging to the individual user (KBSI) — Rock legend David Lee Roth will perform at the Du Quoin State Fair on Aug is a Rock and Roll Hall of Famer known for hits like “Jump,” “Panama” and “Runnin’ with the Devil.” With over 80 million records sold worldwide Van Halen’s impact on rock music remains significant “Bringing a legend like David Lee Roth to the Du Quoin State Fair is a major win for our fairgoers and for Southern Illinois,” said Illinois Department of Agriculture Director Jerry Costello II Tickets for the concert go on sale May 9 at 10 a.m © 2025 KBSI FOX23 News Cape Girardeau News | Paducah News The former Van Halen singer plays his first solo show in five years at the M3 Rock Festival in Columbia David Lee Roth has played his first live show in five years. The former Van Halen frontman performed a 16-song set at the 19,000-capacity Merriweather Post Pavilion in Columbia the second night of this year's long-running M3 Rock Festival Roth's setlist was entirely made up of songs originally recorded during his first stint with Van Halen, with no room for his solo output or – perhaps less surprisingly – from Van Halen's 2012 Roth reunion album A Different Kind of Truth famously covered by Van Halen on their debut album Full setlist and fan-shot video of the full concert below Roth's previous show was at the United Supermarkets Arena in Lubbock but fans won't have to wait another five years for a show as the singer has another already booked: On September 12 he'll perform at the Mountain Winery in Saratoga as part of the venue's annual Summer Concert Series PanamaDrop Dead LegsYou Really Got MeUnchainedDance The Night AwayRunnin' With The DevilMean StreetAtomic PunkAnd The Cradle Will Rock...Jamie's Cryin'I'm The OneEverybody Wants Some!!Romeo DelightHot For TeacherAin't Talkin' 'bout LoveJump Sign up below to get the latest from Classic Rock Classic RockOnline Editor at Louder/Classic Rock magazine since 2014 Once appeared in a Cure video dressed as a cowboy and thinks any situation can be improved by the introduction of cats Favourite Serbian trumpeter: Dejan Petrović Ghost's $130 Papa V Perpetua 'Ghildo' sells out in minutes "Metal is the most positive thing in the world" The disadvantage of a Roth IRA is that it is funded with after-tax dollars so you won't benefit from the initial tax break that a traditional IRA offers That means you won't pay tax when you withdraw You can open a Roth IRA for free with low-cost brokerage accounts like Charles Schwab Depending on the platform you sign up with you may have to meet a minimum account balance to open an account IRAs are generally cheaper than other retirement plans like 401(k)s There's not necessarily a wrong age to contribute to a Roth IRA Roth IRAs are funded with after-tax dollars so you won't pay withdrawal tax you can start withdrawing from your Roth IRA penalty-free Start savings for retirement with the best Roth IRAs from top brokerage platforms to unlock high-quality retirement planning services and automatic rebalancing for long-term wealth building we've listed our top picks for who has the best Roth IRA accounts as chosen by our Business Insider editors in 2025 SoFi is a great choice for traditional IRAs Wealthfront's investment services feature a 0.25% annual fee and $500 minimum deposit the robo-advisor offers a wide range of account types and investment strategies 0.25%; 0.06 - 0.13% for low-cost investment funds Wealthfront is one of the best robo-advisor options if you're in search of low-cost automated portfolio management and one of the best socially responsible investing apps for features like tax-loss harvesting It takes a holistic approach to retirement savings by offering a range of investment options and resources for all-around financial wellness Charles Schwab's Roth IRAs are free to set up and manage Schwab provides Roth IRA investors with retirement planning calculators and access to Schwab retirement specialists.  The platform's retirement-specific educational content includes Charles Schwab's pre-retirement playbook for step-by-step advice Additional features include Schwab's 24/7 customer service Charles Schwab review Fidelity is an affordable retirement brokerage offering a robust selection of digital financial services Fidelity offers several other retirement accounts There are also small business retirement plans available Fidelity Roth IRAs have no advisory fees (for balances under $25,000) or minimum deposit requirements They can be opened as DIY investing accounts or robo-advisor accounts Eligible Fidelity brokerage or retirement accounts can also be converted to an account to access automatic withdrawals and deposits.  Fidelity Roth IRAs invest in a blend of Fidelity Flex mutual funds and other assets Fidelity Flex funds do not charge management fees or fund expenses Fidelity Investments Review Merrill Edge's no-cost Roth IRAs provide tax-free growth and flexible withdrawals Other available Merrill Edge retirement plans include traditional A self-directed Roth IRA has no trade or balance minimums for online stock and option trades. There are three investment platforms: Merrill Edge Self-Directed or Merrill Guided Investing with an advisor You can take advantage of 24/7 customer service support and live chat. Merrill Edge also gets you access to a personal retirement calculator Merill Edge Investing Review Betterment is a top robo-advisor that offers personalized investing and retirement resources to help users meet specific savings goals You can open a Betterment Roth IRA to unlock tax-free growth Betterment provides personalized retirement advice from a team of Betterment experts. Automated retirement planning tools include automatic trading Betterment Roth IRAs also authorize direct IRA transfers with no tax impact You'll have access to several crypto portfolios and socially responsible investment options Betterment will automatically rebalance your account and reinvest dividends on your behalf The robo-advisor offers multiple other portfolios — Betterment Core and Innovative Technology — that mix your funds into a diversified collection of assets with different market goals Betterment Review low-cost choice for beginners interested in opening a Roth IRA SoFi Roth IRAs are eligible as self-directed and automated IRA accounts There are no maintenance or commission fees Roth IRAs with SoFi come with access to certified financial planners (CFPs) (with SoFi Plus membership) and goal-based portfolios with SoFi automated IRAs Diversify your investment portfolio with a custom blend of stocks SoFi Active Invest® also provides several other spending and saving account options the investment platform offers active and automated Roth SoFi Invest review Taxable Wealthfront Roth IRAs are automated investment accounts with a wealth of retirement-focused tools and planning services.  Wealthfront IRAs get you access to goal-based planning and tax-loss harvesting strategies without paying any trading commissions You'll need a higher account balance to use strategies such as stock-level tax-loss harvesting Though Wealth IRA investment services feature a substantial annual fee and a $500 minimum deposit the robo-advisor offers various account types and investment strategies The advisor even offers a high-interest cash account.  Wealthfront Review Roth IRAs are individual retirement accounts funded by after-tax dollars (aka already taxed money) They are one of the most popular retirement plans offered by online brokerages and offer tax-free growth and withdrawals in retirement.  One of the best perks of a Roth IRA is that you can withdraw your original funds (minus any gains) from your account without penalty This flexibility can prove especially beneficial for investors with tight budgets.  Your best Roth IRA account depends on your financial situation and savings goals if you expect to pay more in taxes as you get older a Roth IRA could be more suitable than a traditional IRA This is because you'll pay immediate taxes on any contributions you make you won't have to pay taxes on any withdrawals You could incur a large tax bill if you defer your account's taxes until age 59 ½.  Consider the following when choosing a top-rate Roth IRA provider: We interviewed the following three retirement and investing experts for our guide to the best Roth IRA accounts: We're focusing on what makes a Roth IRA account most useful Here's what they had to say about Roth IRA accounts (Some text may be lightly edited for clarity.) What are the advantages and disadvantages of opening a Roth IRA many mass media personalities will tell you that the Roth is the only way to go Roth IRAs [work] best for people who either A) have a very long time horizon until retirement or B) are in a low tax bracket now and plan to be in a higher tax bracket in retirement." "The big advantage that many people don't realize is [that] you can get access to your money at any time with no penalty whatsoever and you are younger than 59 ½...if you come up on an emergency [and] you need to pull your money back out you're always entitled to pull out your contributions with no tax and no penalty." "One of the downsides of Roth IRAs is that they're not available to everyone Individuals earning more than $161,000 annually (in 2024) and married couples earning more than $240,000 may not be eligible to make full contributions which diminishes the potential benefits."  What makes a Roth IRA account good or not good it is a great way to take distributions without increasing your tax bracket and utilize tax planning strategies A Roth IRA is a really powerful retirement savings tool That's why it is a great idea to speak to a financial advisor." "The Roth has huge advantages for younger investors over a traditional IRA The myth is that you'll be in a lower tax bracket when you're retired so that's why the traditional side is so popular from two-plus decades of doing retirement-specific planning the pros and cons should be considered in light of each person's financial circumstances and objectives The benefits can vary meaningfully depending on your income "Young people who have a long time horizon to let the money grow It also works well for people who have less income now but anticipate a significant increase in salary as they advance in their career." There's some confusion behind who can have a Roth IRA as well Some people believe [that] because they don't have any income "If you think your future tax bracket will be higher than your current tax bracket and you can maximize your contributions to a Roth IRA based on your current income level you're likely to benefit from the tax-free withdrawal feature in retirement "It's not a great tool unless it's really designated for long-term retirement savings." Is there any other advice you'd offer someone who's considering opening a Roth IRA "Another cool thing about a Roth is that you have until April of the following year to see if you are eligible to contribute to a Roth and have the additional savings to contribute to a Roth." "Understand what the fees and expenses are going to be on your account There is nothing wrong with paying for quality advice but do not open an account with a commission-based broker I think you would rather use a fiduciary." "Before you decide which savings tool you're going to use - make sure you have a savings account of up to 90 days of living expenses set aside and that you don't have any revolving credit card debt.  Good habits about spending are just as important (maybe even more) than saving "Make sure that you know that the money you're putting aside is money that should be set aside for a really long time." We also favored platforms offering various other features and products Investment platforms are given a rating between 1 and 5 Customer must fund their Active Invest account with at least $50 within 30 days of opening the account Probability of customer receiving $1,000 is 0.028% https://www.sofi.com/invest/clawpromotion/rules David Lee Roth will be performing at the Du Quoin State Fair on Saturday The iconic Van Halen frontman and Rock-and-Roll-Hall-of-Famer can be heard on songs like “Jump,” “Panama,” and “Hot for Teacher.” The head of the state Department of Agriculture is Jerry Costello the Second He calls the signing of David Lee Roth as a major win for the Du Quoin Fair and Southern Illinois Known for his larger-than-life presence and unforgettable vocals Tickets for the David Lee Roth Du Quoin concert will be available this Friday beginning at 10 a.m The Du Quoin State Fair runs from August 22 through September 1 Email notifications are only sent once a day Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: Roth IRA contribution limits are unchanged from 2024 Here's a look at 2025 limits and income-based phaseouts is the last day you can still contribute to a Roth IRA for 2024 you can open and contribute to a 2025 Roth IRA until the due date of your 2025 tax return on Tuesday April 15 Profit and prosper with the best of expert advice on investing personal finance and more - straight to your e-mail Profit and prosper with the best of expert advice - straight to your e-mail Here's what you need to know about 2025 Roth IRA contribution and income limits The maximum amount you can contribute to a Roth IRA for 2025 is $7,000 if you're younger than age 50 you can add an extra $1,000 per year in "catch-up" contributions The actual amount that you are allowed to contribute to a Roth IRA is based on your income To be eligible to contribute the maximum amount in 2025 your modified adjusted gross income (MAGI) must be less than $150,000 (up from $146,000 in 2024) if single or less than $236,000 (versus $230,000 in 2024) if married and filing jointly Contributions begin phasing out above those amounts and you can't put any money into a Roth IRA once your income reaches $165,000 if you are a single filer or $246,000 if married and filing jointly in 2025 Unlike contributions to a traditional IRA Money goes into the Roth after it has already been taxed But when you start pulling money out in retirement Also, Roths — unlike traditional IRAs — are not subject to required minimum distributions (RMDs) after age 73 Roths are also more flexible than traditional You can withdraw contributions from a Roth account anytime and you must have owned the Roth for at least five years The clock on the five-year holding period starts ticking on January 1 of the year you open the account and you can invest your retirement money in stocks exchange-traded funds and other approved investments You have until the federal tax filing deadline to make your Roth IRA contribution for the prior year Contribute to another person's Roth account as a gift No required minimum distributions (RMDs) after age 73 Rollovers from traditional plans are taxable Contributions can be withdrawn at any time Earnings can’t be withdrawn tax-free until the account is at least five years old and you are age 59-½ There isn't a minimum age limit to open a Roth IRA and you can contribute to another person's Roth account as a gift — perfect for parents looking to kick-start a child's retirement savings Two caveats: Recipients must have earned income and you can only contribute an amount up to that person's annual earnings or $7,000 Financial experts generally recommend Roth IRAs for people who anticipate a greater tax burden in retirement whether because of rising income or higher tax rates in general By paying the taxes on those contributions while your income or tax rate is lower you’ll reap the benefit of tax-free money later when it counts more This is especially true for someone who plans to retire in 2026 or later Unless Congress intervenes, current income tax rates are supposed to sunset at the end of 2025 and revert to 2017 income tax rates beginning January 1 here’s a sample of what you can expect: The current 12% rate becomes 15% Roth IRAs can also provide valuable tax diversification in retirement and can be a great way to balance other sources of income such as withdrawals from a 401(k) or Roth IRA and Social Security payments those tax-free Roth withdrawals in retirement won’t contribute to your taxable income which is used to determine how much you pay for Medicare including any surcharges (also known as income-related monthly adjustment amounts or IRMAAs) Finally, note that if you invest in both a Roth IRA and a traditional IRA the total amount of money you contribute to both accounts can't exceed the annual limit the IRS might hit you with a 6% excessive contribution penalty To make the most of saving for retirement in your Roth IRA: Roth IRAs let you contribute after-tax dollars While there are no current-year tax benefits your contributions and earnings can grow tax-free You can also withdraw them tax- and penalty-free after age 59-½ if the account has been open for at least five years This makes Roth IRAs an excellent way to save for retirement And, with the passage of the SECURE 2.0 Act, you may be eligible to contribute to your Roth IRA using 529 rollover assets Traditional IRAs do not qualify for this option Want more guidance on retirement savings? Sign up for Kiplinger's six-week series, Invest for Retirement Profit and prosper with the best of Kiplinger's advice on investing Enter your email in the box and click Sign Me Up Jackie Stewart is the senior retirement editor for Kiplinger.com and the senior editor for Kiplinger's Retirement Report.  By Devyani ChhetriCity Reporter according to unofficial results as of 1 a.m But race is likely headed into a runoff as Roth and the candidate trailing him did not cross the 50% threshold needed to avoid a June 7 election is running in a four-candidate contest against Kitner and Kitner was trailing close behind with 45% Kitner told The Dallas Morning News he had “a positive campaign” and will continue to watch results and gear up for another fight if the race headed into a run-off Roth did not immediately respond to a request for comment Political PointsGet the latest politics news from North Texas and beyond GoogleFacebookBy signing up you agree to our Terms of Service and Privacy Policy The North Dallas race is occurring against the backdrop of a volatile zoning battle Neighborhoods in the vicinity of Pepper Square, an aging retail strip mall mounted opposition to a proposed mixed-use development with over 700 units showed up during the City Council vote to speak against the move who announced last year she would not be running for reelection the chief operating officer of the North Dallas Chamber of Commerce received a host of endorsements from former elected officials who had preceded Schultz’s tenure and traditionally held sway over politics and projects in the district told The News he planned to continue working part-time for the chamber which raised concerns among neighbors who worried his proximity to businesses that might contract with the city on various projects would fuel a conflict of interest Kitner said he does not plan to work on issues directly impacting the city He also said a part-time job was an unavoidable reality because the current salary for a council position — $60,000 — is not enough for him to support his family “Only the independently wealthy would be able to run,” he said Roth found support in the coalition that was at the forefront of challenging the Pepper Square redevelopment Council member Cara Mendelsohn has supported Roth in his campaign who said she’s worked with Roth on a nonprofit board sent an email introducing Roth to those on her campaign list as a candidate “I’ve seen the thorough way he prepares for meetings how he reacts to difficult situations with grace how his sharp mind works to find solutions and compromises and how he listens to input from people with diverse opinions with respect and an open mind.” the District 11 race revealed the compounding tensions between council members who often found themselves on polar ends of an issue and much of it centered around the rather public faceoff between Schultz and Mendelsohn who represents District 12 in Far North Dallas Mendelsohn sent a campaign email introducing Roth to District 11 voters She vouched for Roth’s traits and abilities and said he was the candidate to watch Political enthusiasts tend to be divided on whether or not it’s normal for a sitting council member to endorse candidates in another district actively Public clashes between Schultz and Mendelsohn over homeless encampments near the Lyndon B Johnson freeway with Mendelsohn accusing Schultz of ignoring persistent homelessness in her district meant the race was more than just about representation It was about the makeup of the City Council and the difference in ideologies that would drive policymaking in the council’s upcoming new chapter District 11 was among the most expensive races in the state. Kitner and Roth raised thousands of dollars in campaign funds through donations and their own money Kitner had collected around $129,000 in donations Roth raised nearly $60,500 in donations and used $126,000 in personal funds to supplement his run All candidates showcased similar priorities promising to be a neighborhood advocate for District 11 She also called for accelerating the International District’s progress and prioritizing road repairs to ease congestion Kitner built on his own experience as an advocate for parks and quality of life amenities specifically increasing the number of police officers and ensuring the efficient use of tax dollars Richardson sought to enhance policing and advocated for government transparency Roth pledged to fix the city’s infrastructure cut wasteful spending and protect single-family neighborhoods from overdevelopment In the past, Roth sued the city to block an affordable housing project in Lake Highlands whoever is elected council member will have to train their attention on projects like the redevelopment of Valley View Mall and the completion of the International District remains a focal point of discussion The new council member will also need to bridge the widening gap between neighborhoods and developers as Dallas continues to look for ways to spur housing development VAN HALEN singer David Lee Roth played his first full solo concert in more than five years Saturday night (May 3) at the 2025 edition of the M3 Rock Festival at the Merriweather Post Pavilion in Columbia, Maryland. Roth's setlist was as follows, according to Setlist.fm: Fan-filmed video of the performance can be seen below. Roth will also perform in Saratoga, California on September 12 as part of the Mountain Winery's 67th Summer Concert Series. Roth originally left VAN HALEN to pursue a solo career following the success of the band's album "1984", but he returned for a stint in 1996 and then took over as VAN HALEN's frontman again from 2007 until 2020, although the band had not toured since 2015. In January 2022, Roth canceled the remaining farewell shows he was set to play in Las Vegas after he vowed to retire from performing live. In a statement, event organizers said the cancelations were made "due to unforeseen circumstances related to COVID and out of an abundance of caution for those working and attending the shows." When Roth's Vegas residency was first announced, organizers promised "a changing set of 26 instantly recognizable songs, including 'Jump', 'Panama' and 'California Girls...'" In March 2020, Roth postponed the final six shows of his Las Vegas residency due to the coronavirus pandemic that is spreading across the globe. Roth's last Vegas residency kicked off on January 8, 2020 with a 15-song set that included 10 VAN HALEN classics and five songs from his solo career. Backing the singer were lead guitarist Al Estrada from the VAN HALEN tribute band ERUPTION, rhythm guitarist Frankie Lindri, bassist Ryan Wheeler, keyboardist Danny Wagner and drummer Mike Mussleman. Roth explained that he chose Vegas as the place to debut his new band because "this is where you come to celebrate and do the victory dance, whatever that means to you." In a February 2020 interview with StarTribune, Roth openly wondered whether his first tour since VAN HALEN completed its 2015 run of shows would be the last time he would perform. "I'm calling it 'The Last Tour'," he said at the time, "and then underneath it in parentheses: 'Unless It Isn't'. ... At my age, everything is a possible farewell tour." "It's been a long great trip, a long great run," he continued. "But this kind of music requires the kind of energy that people in their 20s bring. You know what NFL stands for: Not For Long. It's similar in rock. I remember the days when we would stand around and say, 'Let's go have a cigarette.' And that's what we did: Four guys having one cigarette. I remember those days. They go by fast, so enjoy them while you're in them." In February/March 2020, Roth performed as the opening act for the North American leg of KISS's "End Of The Road" farewell tour. A post shared by STEVE BROWN (@stevebrownrocks) InvestingInvestingWhat Is a Roth IRA and How Does It Work?{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Back to NerdWallet homepage","item":"https://www.nerdwallet.com/"},{"@type":"ListItem","position":2,"name":"Investing","item":"https://www.nerdwallet.com/h/category/investing"},{"@type":"ListItem","position":3,"name":"What Is a Roth IRA and How Does It Work?"}]}Advertiser disclosureYou’re our first priority.Every time.NerdWallet is an independent publisher and comparison service interactive tools and other content are provided to you for free as self-help tools and for informational purposes only They are not intended to provide investment advice NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues Our estimates are based on past market performance and past performance is not a guarantee of future performance We believe everyone should be able to make financial decisions with confidence And while our site doesn’t feature every company or financial product available on the market the information we provide and the tools we create are objective A Roth IRA is an individual retirement account that you contribute to with after-tax dollars While you don't get a tax break up front your contributions and investment earnings grow tax-free The investing information provided on this page is for educational purposes only does not offer advisory or brokerage services nor does it recommend or advise investors to buy or sell particular stocks Fact CheckedHow is this page expert verified NerdWallet's content is fact-checked for accuracy It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible June Sham The main draw of a Roth IRA is that the money grows tax-free and can be withdrawn tax-free after age 59 ½ as long as the account has been open for at least five years That tax treatment is what makes a Roth IRA different from a traditional IRA contributions are tax-deductible in the year they're made but withdrawals in retirement are taxed as ordinary income You contribute to a Roth IRA using money that has already been taxed Those contributions can then be invested in stocks the investments in your Roth IRA could earn a return you'll also get to withdraw those earnings tax-free as long as you follow the withdrawal rules You can contribute to a Roth IRA through earned income Other ways to add money to your Roth IRA include a 401(k) plan rollover a conversion from an existing traditional IRA or 401(k) plan It’s important to note that there are limits on how much you can directly contribute to a Roth IRA and there are no caps on rollovers or conversions that limit is $7,000 if you’re under 50 years old You can contribute to an IRA all the way up until the tax filing deadline to make contributions that count toward the 2025 calendar year NerdWallet's ratings are determined by our editorial team The scoring formula for online brokers and robo-advisors takes into account over 15 factors customer support and mobile app capabilities.4.8 customer support and mobile app capabilities.5.0 customer support and mobile app capabilities.4.5 Morgan Self-Directed Investing account with qualifying new money After opening a Roth IRA and making your contributions the funds in your Roth IRA won’t have the chance to grow The most common allowable investments in a Roth IRA include: Mutual funds: Actively or passively managed funds pooling various investments Index funds: Funds tracking specific market indexes Certificates of deposit (CDs): Fixed-income investments from banks » Read more about the best Roth IRA investments Can you invest in cryptocurrency through a Roth IRA A Roth IRA can be opened through any financial institution that has been approved by the IRS to offer IRAs you’ll need to provide a few pieces of information bank account information and proof of employment Choosing where to open your Roth IRA depends on your preferences Consider whether you want to manage the account yourself or be hands-off as well as what types of investments you want access to you can consider opening one at a brokerage; otherwise a robo-advisor could be a good choice for passive management Charles Schwab Intelligent Portfolios Wealthfront Betterment 0.25% with a balance over $20K or qualifying recurring deposit Robinhood 1% match on eligible contributions up to IRA limits Interactive Brokers SoFi Active Investing *Self-directed investing typically has lower costs because investors manage their own portfolios while robo-advisors are automated investing services that use data and algorithms to build and manage investment portfolios » Explore the best Roth IRA accounts the maximum contribution amount for 2025 is $7,000 for those under 50 and $8,000 for those 50 and older Whether you can contribute directly — and how much you can contribute — depends on your tax filing status and annual income For 2025, if your modified adjusted gross income (MAGI) is below $150,000 (single filers) or below $236,000 (married filing jointly) you can contribute the full amount the IRS allows to a Roth IRA the amount you can contribute becomes smaller until you are no longer eligible Annual Roth IRA income thresholds and phaseouts head of household or married filing separately (if you didn't live with spouse during the year) Married filing jointly or surviving spouse Married filing separately (if you lived with spouse at any time during the year) » Learn more about Roth IRA contribution and income limits High earners could explore a backdoor Roth IRA to convert funds from a traditional IRA to a Roth, or a mega backdoor Roth to convert from a 401(k) plan to a Roth IRA (if your plan allows) Spousal Roth IRAs. A spousal Roth IRA is a Roth IRA held in the name of a married individual with little to no earned income Contributions come from the working spouse’s income and the account follows the same tax treatment and eligibility requirements as a normal Roth IRA Inherited Roth IRAs. An inherited Roth IRA is a Roth IRA that’s been inherited by the beneficiary after the original account owner dies Beneficiaries of a Roth IRA are subject to unique rules compared with account holders such as being subject to required minimum distributions (RMDs) A rollover Roth IRA refers to a transfer of funds from an employer-sponsored account This is often an option for people who leave their jobs and want to move the funds out of their employer-sponsored plan It also can be done by high earners who aren’t able to contribute directly to their Roth IRA (a strategy also known as a mega backdoor Roth) A custodial Roth IRA is a retirement account owned by a minor but managed by an adult custodian until the minor reaches adulthood There is no age limit for a custodial Roth IRA but the minor must have a form of earned income Setting aside money in a retirement account — and not being able to access it for years — can feel intimidating you can withdraw your original contributions whenever you want without owing any penalties or taxes no matter how long your account has been open That's because the money you put in is money you've already paid income tax on the IRS always assumes your original contributions come out first those withdrawals can fall under one of two categories: A qualified distribution from a Roth IRA is any withdrawal made without taxes or penalties Nonqualified distributions: A nonqualified distribution from a Roth IRA is a withdrawal of investment earnings that incurs taxes in which account holders are required to withdraw a certain amount every year in retirement » Learn more about Roth IRA withdrawal rules The five-year rule is a guideline that determines when account holders can withdraw earnings from their Roth IRA accounts without incurring taxes or penalties the account needs to be open for five years — and the account holder must reach age 59 ½ — before earnings can be withdrawn without taxes and penalties keep in mind that there are also specific five-year rules for Roth IRA conversions Contributions are made with after-tax dollars; qualified withdrawals in retirement are tax-free Contributions may be tax-deductible; withdrawals in retirement are taxed as ordinary income Eligibility to contribute phases out at higher income levels but tax deductibility depends on annual income and participation in an employer-sponsored retirement plan No RMDs during the account holder’s lifetime What makes a Roth IRA so attractive to investors is the potential tax savings: If you think you'll be in a higher tax bracket when you retire than you are now a Roth IRA may be more beneficial than a traditional IRA for long-term financial planning The reason: You've already paid taxes on your contributions so your withdrawals won’t result in extra taxes when it's time to enjoy your hard-earned money Inflation erodes the value of money over time Giving your money an opportunity to grow tax-free can be extra lucrative when inflation is high Waiting five years from the tax year of your first Roth IRA contribution to withdraw earnings tax-free can be a drawback if you’re close to retiring Withdrawing contributions before fulfilling the five-year rule could result in paying income taxes and a 10% penalty You also aren’t eligible for any tax deductions during the year you contribute as they can reduce your adjusted gross income and your overall tax bill for the year you contribute You may qualify to claim the saver’s credit which is a tax credit you get for making eligible contributions to an IRA Keep in mind that the credit has income restrictions » Learn more about Roth IRA pros and cons You can put your Roth IRA money in a variety of investments and some of those investments may lose value It's important to understand your risk tolerance when choosing investments Your eligibility and contribution amount to a Roth IRA depends on your income amount receiving a salary increase or bonus might push you into a higher income bracket which could affect how much you can contribute to your Roth IRA or whether you can contribute at all you can make contributions to your Roth IRA in incremental payments or pay a lump sum closer to the tax deadline If you accidentally overcontributed to a Roth IRA you can withdraw the money to potentially avoid penalties and taxes » Steps to fix an IRA overcontribution. personalized financial plan to get on track and hit your money goals Co-owners Paul and Donna Kerley have completed a renovation of the McGilchrist Roth building in downtown Salem The McGilchrist Roth building sits at the corner of State and Liberty streets in downtown Salem The McGilchrist Roth building showcases wallpaper by Jennifer Warren from Color Up Interiors and includes a gold theme throughout The McGilchrist Roth building features Art Deco-style chandeliers McGilchrist Roth is a three-story building that includes space available for offices The McGilchrist Roth building features Art Deco-style cabinets Gold accents are featured around the ceiling of the McGilchrist Roth building The lounge area of the McGilchrist Roth building is seen during its grand opening on April 30 in Salem The entrance of the McGilchrist Roth building during its grand opening on April 30 in Salem The kitchen area of the McGilchrist Roth building The first floor of the McGilchrist Roth building features rooms for tenants The third floor of the McGilchrist Roth building features rooms for tenants David Lee Roth returned to the stage last night (Sat, May 3rd) at the M3 Rock Festival in Columbia Roth delivered an all-Van Halen set in a leather three-piece suit that seemed stuck to him like glue with Little Dave nearly making an appearance The reaction to Roth’s performance across social media and the blogosphere has been mixed–as is always the case the fans at M3 loved every minute the iconic frontman spent on stage I’ll even admit that I began to write a scathing I realized that participating in the vaunted pastime of shitting on DLR wasn’t fair One thing it’s fair to say about Roth is he seems to have taken the criticisms about his vocal performance to heart His last show was as a special guest for Kiss on the very last weekend before the world shut down in 2020 It appears he took those five years off to retool his show to better fit where he’s at now vocally he had a wall of five singers do most of the melodic lifting freeing him to deliver the frontman antics he’s known for focusing solely on his stage presence and hyping the crowd His microphone had tassels that he played with like a fidgety toddler all night long and his leather outfit left little to the imagination He started the show by delivering a note-perfect “Panama,” giving hope that maybe he’d stepped onto the M3 stage straight out of a DeLeoran from 1984 like on “You Really Got Me,” which proved out of Roth’s range making it hard to tell whether he was hitting the notes or not it was an entertaining night that saw the world’s greatest frontman return to the stage and to the catalogue that made him a superstar David Lee Roth was never Steve Perry to begin with Roth’s voice was never really a feature of his time in Van Halen So the flack for him not ‘being able to sing’ is silly Just know what you’re getting into if you decide to buy tickets to see DLR It appears this show and his winery appearance this upcoming September in Northern California won’t be Gigolo Dave’s only shows He referred to the eagerly anticipated M3 show as his “comeback” multiple times from the stage TEAMCHALLENGE has announced that fairness, equal opportunities and clean top-level performances are the organisation’s top priorities ahead of Challenge Roth 2025 as it intensifies anti-doping controls Testing, in partnership with the German National Anti-Doping Agency (NADA) will be increased ahead of the iconic race on Sunday July 6 The comprehensive package includes more tests the introduction of Dried Blood Spot (DBS) tests and increased presence and education efforts by NADA Lars Mortsiefer said: “Roth is an event that puts a strong spotlight on anti-doping awareness We’re grateful for organisers like those in Roth who are so deeply committed to the cause.” It will not just be the professional athletes who have an increase in testing – Age Groupers will also be part of the campaign “Triathlon is setting an important example here,” Dr “Roth’s clear commitment to fair play applies to everyone in particular the introduction of a Dried Blood Spot (DBS) test will be used in line with traditional blood and urine samples and is much faster and easier to implement logistically “The test is carried out using a small device that pricks the upper arm to collect blood drops and valuable addition to the classic testing methods,” said Dr The exact number of people who will be tested is currently confidential but NADA states that the overall number of test will increase on previous years NADA will be present starting Thursday before race day with its own booth at the Triathlon Expo Experts will be available to answer questions and provide information to athletes and anyone interested in topics like rules The increased presence is not only set to act as a deterrent but also provide necessary information to athletes such as practical advice on dietary supplements and over-the-counter medications The collaboration between TEAMCHALLENGE and NADA dates back to 2002 “This partnership exists without any federation mandate – it’s entirely voluntary and fairness is something we deeply believe in,” said Race Director Felix Walchshöfer “We were just in Bonn at NADA’s headquarters last November for a productive exchange We’re truly grateful for the expanded initiatives leading up to and during the race.” around 3,500 individual athletes and 700 relay teams race at Challenge Roth all participants agree to follow anti-doping regulations as defined by the German Triathlon Union (DTU) Follow the madness of the 'Race that eats its young' on RUN247 May 4, 2025—by VHND Leave a Comment David Lee Roth returned to the stage last night This was his first performance in five years—videos “Runnin’ with the Devil”7 “And the Cradle Will Rock…”10 “Ain’t Talkin’ ’bout Love”16 All professional photos are taken by photographer Nadine Joy Update: NEW DAVID LEE ROTH TOURDATES ANNOUNCED HERE Barbara Roth will serve another one-year term as president of the Coalition of Boynton West Residential Associations one of Palm Beach County's more influential neighborhood organizations was sworn into office by County Clerk Joe Abruzzo and County Commissioner Gregg Weiss during an installation meeting on April 23 at Valencia Shores a COBWRA member community west of Lake Worth Beach COBWRA’s membership consists of 106 communities that have a population of more than 100,000 residents Its members are in a 55-mile square area bordered on the east by Boynton Beach on the west by Loxahatchee Wildlife Refuge on the south by Flavor Pict Road and on the north by Lantana Road 'There is no way this will work': Why county extended deadline for administrator applicants Outgoing Palm Beach County Administrator Verdenia Baker was honored during the meeting with a special presentation for her service to the county Baker has worked for the county for the past 38 years monitors development projects and policies that affect its member communities County commissioners and local governments give weight to COBWRA policy positions Housing: Landholder wants to build 856 residences on preserved area; critics fear setting precedent Roth said COBWRA will continue to oppose annexation of COBWRA communities The City of Boynton Beach is exploring the possibility of annexing scores of communities to its west and it may be able to do it without public hearings or holding referendums The city claims that some of the homeowner associations agreed when their communities were developed more than 30 years ago to allow for annexation in exchange for contracting with the city to use its water supply More: Boynton wants to annex 38 communities west of Military Trail; critics call it 'power grab' The communities affected have said they strongly oppose annexation as the city’s tax rate is much higher than that of the county planners and county staff to control density along Lyons Road and west Boynton Beach Boulevard One of the concerns of COBWRA is the impact of development projects on traffic Roth said COBWRA plans to advocate for legislation that protects and enhances the quality of life for its member associations The group is already planning a gala next year to mark its 45th anniversary COBWRA has been accused of opposing growth but it says it supports smart growth that fits in with the characteristics of COBWRA communities Much of the growth has occurred in the Ag Reserve a 22,000-acre zone that is mostly west of the turnpike and west of Boynton Beach The county's zoning code limits density there and protects farming operations; critics claim too much development has occurred in there Other officers installed at the recent COBWRA meeting include Debbie Murphy the ever-charismatic frontman of Van Halen he has faced criticism that his voice was not what it was in his heyday but after hearing his May 3rd performance at the M3 festival many fans were simply stunned at how good he sounded Fan filmed video of Dave’s entire concert has been posted on YouTube: “Panama”“Drop Dead Legs”“You Really Got Me” (The Kinks)“Unchained”“Dance the Night Away”“Runnin’ With the Devil”“Mean Street”“Atomic Punk”“And The Cradle Will Rock…”“Jamie’s Cryin’”“I’m The One”“Everybody Wants Some!!”“Romeo Delight”“Hot for Teacher”“Ain’t Talkin’ ‘Bout Love”“Jump” Bobby Caughron is a music journalist and Editor-In-Chief for XS ROCK He began a life-long fan of hard rock and metal music after hearing KISS as a kid He is still an avid fan of the 80s metal scene and continues to discover and write about new music in all rock genres today Discover what made The Palace Hotel such a divisive project and how the architect overcame each obstacle Developers Harry and Leona Helmsley hit the headlines regularly in the late 20th century of the family firm Emery Roth & Sons took on the challenge of designing a hotel tower for the Helmsleys a 55-story dark bronze glass and aluminum building rose above the existing Gilded Age Villard Houses on the site The building has undergone several interior renovations since it was completed and is now known as The Lotte New York Palace Hotel It has been described as ‘one of Manhattan's most historically significant and luxurious hotels’ and ‘a unique merging of a 19th-century landmark mansion with a 20th-century high-rise tower.’ Achieving that fusion successfully took careful handling on Richard’s part In the 1880s, railway magnate Henry Villard commissioned the illustrious architecture firm of McKim, Mead & White to design an unusual building between 50th and 51st streets on Madison Avenue Modeled on the Palazzo della Cancelleria in Rome the complex comprised six residences arranged in a U-shape around a courtyard arrived in the United States aged 13.  the Roman Catholic Archdiocese of New York had gradually acquired all the residences the Archdiocese sold the air rights to developer Harry Helmsley and granted him a 99-year lease on the houses But the banks said there were too many and they were too empty,” explained Richard It was a generally tough time for developers and architects in New York (Richard was traveling the world regularly to drum up business elsewhere.) Helmsley couldn’t raise the finance for his next idea of making half the building a hotel and the other half offices either worried about the implications for the much-loved Villard Houses “The project took longer than we had expected because we wound up before the Board of Estimate before the Landmarks Preservation Commission before every agency in the City of New York And there was a group of people from the local community board who absolutely hated Harry Helmsley “I had over 100 meetings with them!” said Richard.  All these negotiations had the positive impact of getting Helmsley to make greater efforts to preserve the Villard Houses the community board couldn’t prevent a new development altogether the City Council members asked the community board members point blank: 'If it was up to you and this was the most beautiful building in the world…would you still be against it?' And they said we'd be against anything Harry Helmsley did,'” described Richard There was a point when the community board tried to sue everyone involved because the plans specified a 50-story building but there was a sign on the site suggesting the building would be 55 floors (the discrepancy related to ‘mechanical’ floors without accommodation) “They even sued the guy who did the sign!” explained Richard incorporating the Villard Houses held great opportunities The Archdiocese had used the Gold Room (originally a music room) in the main residence for religious services The original idea was to tear it apart and make a dining room out of it But I said: 'This is the perfect lounge.' I mean and I said you could put a string quartet up there and it would just be wonderful we really turned the Archdiocese into a bar,” laughed Richard It’s illegal to serve hard liquor within a certain distance of the entrance to a church or a school “We were on top of St Patrick's Cathedral,” said Richard we had to measure the distance from the entrance of the hotel to the entrance of the cathedral The Lady Chapel door at the back was nearest Harry Helmsley put Leona in charge of the project She already had a reputation for being demanding and unpleasant “She liked the look of the Park Lane Hotel and wanted to use columns on the façade in the same way We did the drawings and she loved it–we hated it It was absolutely the wrong design,” said Richard He encouraged architecture critic Ada Louise Huxtable to lobby to have the plans thrown out “Leona never knew it and Harry never knew it…but one had to do things like that at times.”  Richard went to a party in Harry Helmsley’s honor “Leona beckoned me over and said: ‘I have three problems with the Palace Hotel.’” She explained the first two issues which related to air conditioning and elevators Richard told her he knew about these concerns and they’d be resolved within a month.  ‘People are falling off the toilets…’ It took everything in me not to laugh!” remarked Richard It so happened he had a friend who was staying there can I come over and sit on your toilet?’ She said and I sat on the toilet and the toilet seats were the cheapest piece of nonsense I'd ever seen They were just terrible.” He checked his original specifications “We’d spec’d the best toilet seats—made by a company called Church she had a deep resentment and hatred for Carl Morse who was head of Diesel Construction Harry had a wonderful relationship with Carl—he trusted Carl.” Richard called Leona and explained it appeared Carl Morse had bought cheap toilets “There was this smile I could see through the telephone because she had something she could pin on Carl.” given the financial irregularities that would land Leona in jail Richard said the Helmsleys always paid their bills on time “Even though Leona had a notorious reputation for being difficult in all other ways We never had a problem with payment from Harry Helmsley ever Richard had some later encounters with Leona “She owned the Holiday Inn on Longboat Key near Sarasota these architects down here are driving me crazy You are the only architect I know who I respect and who will tell me the truth.'” She wanted to add a floor to create an apartment for herself Despite some health issues—Richard had had cancer a couple of years prior and was just recovering from a case of Legionnaires’ disease—he went down to see her taking an engineer and an interior designer Richard had to tell Leona it wouldn’t be possible to build her apartment without closing the hotel but she took it from Richard: “She trusted me.” But that wasn’t to last I'm getting ready to retire and move to the Bahamas ‘I bought the top floor of a building under construction and I’ve dealt with five architects and none of them know what I want could manage once he himself had done the initial design “I’d been living in the Bahamas for probably two months when I get a call from her lawyer I have some very bad news for you: Leona wants me to fire you.’ I said ‘That's the best news I've had in years!’” Richard asked the lawyer how long he’d worked for Leona ‘That's good because you got about three to go.’ There was dead silence ‘Are you telling me she's gonna fire me?’ I said ‘No lawyer’s ever worked for her for more than six months.’ So that was the end of my conversation with the lawyer and the end of my conversations with Leona.” While some may dislike the exterior of the hotel tower many are happy that the historic houses survive to the extent they do “It's difficult to hide a 50-story building so the looks of the building really took a simplistic form in trying to match the colour of the Villard Houses as best as possible,” said Richard It was built in an era when scandals swirled around real estate but Richard felt he was able to maintain his integrity despite working with ‘the Queen of Mean.’ He enjoyed working with Harry and loved the Palace Hotel there was never any intention to overshadow “You couldn't have designed a better entry than having this wonderful garden in front and these huge arches that led you into the hotel I mean it was an architect's dream…it really made this something very special.”  Next, read the rest of the Behind the Curtain Wall series here You've successfully subscribed to Untapped New York Check your email for magic link to sign-in Brazilian authorities arrested two individuals—an adult male in Rio Grande do Sul and a teenager in Rio de Janeiro—for allegedly plotting an attack on Lady Gaga’s free concert at Copacabana Beach, which drew over two million fans, ABC News reports Primus have released their first song since their 2022 EP Conspiranoid. “Little Lord Fentanyl,” which is described as a “twisted fable steeped in groove and dark humor,” features vocals from Tool‘s Maynard James Keenan David Lee Roth returned to the stage Saturday for his first show since March 20th And this came after he insisted in 2022 that he was retiring Appearing at the M3 festival in Columbia delivered 16-song set of all Van Halen songs Helping him and his four-piece band present the songs were four male background singers He will take the stage again on September 12th at the Mountain Winery in Saratoga Fall Out Boy have posted about Saturday’s 20th anniversary of From Under the Cork Tree on its social media “We’re working on some cool things to keep the celebration going later this year.”   Billie Joe Armstrong says a movie based on Green Day‘s 2004 album After a successful run as a musical on Broadway and London’s West End there was talk of turning it into a movie with actor Tom Hanks reportedly showing interest in producing  It seems like everyone wants to work with Jelly Roll these days He’s collaborated with Lainey Wilson  Mike Tirico was forced to step away from NBC’s Kentucky Derby broadcast coverage after coming down with a mystery illness  Marvel kicked off the summer movie season with a huge weekend Pee-wee Herman’s beloved bicycle from the 1985 cult classic Pee-wee’s Big Adventure has officially found a new home Tom Cruise is opening up in a rare interview with People about the making of Mission Impossible Ethan Hunt hangs from and crawls along the wings of a ’40s-era biplane There’s a new way to tell if a celebrity is taking Ozempic or a similar drug: It’s all in the mouth. A cosmetic dermatologist named Dr. Michele Green says stars like Whoopi Goldberg and Rebel Wilson are showing signs of OZEMPIC MOUTH Hulk Hogan raised some eyebrows during a live TV appearance on Thursday showing off a dramatic new two-tone beard  who currently commands a net worth of over $168 billion according to Forbes announced that he plans to retire at the end of 2025 Revenge of the Fifth: Yesterday was May the Fourth – as Star Wars fans know Empire Online put together a massive list of the fan favorites… See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info you should also open a Roth IRA if you don’t already have one so there is a place for the funds to go after conversion A workaround for the pro-rata rule involves rolling pre-tax contributions to your traditional IRA into your company-sponsored 401(k) before converting after-tax balances to a Roth Remember that if you have any earnings on your traditional IRA before the conversion those earnings are subject to tax at your ordinary income rate Backdoor Roth IRAs and traditional IRAs provide investors with tax-advantaged savings opportunities The difference between the two is when the investor benefits the most allowing investors to deduct contributions from taxable income Backdoor Roth IRAs provide no up-front tax benefits but offer tax-free growth and withdrawals in retirement How the pro-rata rule affects your existing IRA account depends on what you want to do with it The pro-rata rule only applies to conversions If you convert an IRA that contains both pre-tax and after-tax contributions the pro-rata rule will determine how much of the conversion is subject to tax Using a backdoor Roth IRA strategy means converting traditional IRA contributions to a Roth IRA You do not have to open a new Roth account to do so Each backdoor Roth IRA conversion triggers a new five-year waiting period before withdrawals If you withdraw funds before the five-year period elapses (even if you’re over the age of 59½) your withdrawal is subject to a 10% penalty Incorrectly reporting a backdoor Roth IRA conversion can result in IRS penalties and double taxation on after-tax traditional IRA contributions Internal Revenue Service. "Retirement Plan and IRA Required Minimum Distributions FAQs." Internal Revenue Service. "401(K) Limit Increases to $23,500 for 2025, IRA Limit Remains $7,000."  Internal Revenue Service. "Form 8606, Nondeductible IRAs." Page 1 Internal Revenue Service. "Form 8606, Nondeductible IRAs." Page 2 Internal Revenue Service. "Rollovers of Retirement Plan and IRA Distributions." Internal Revenue Service. "Rollovers of After-Tax Contributions in Retirement Plans." Fidelity Investments. "Do You Earn Too Much for a Roth IRA?"  Internal Revenue Service. "Publication 590-B, Distributions From Individual Retirement Arrangements (IRAs)." Pages 33-35 Internal Revenue Service. "Form 8606, Nondeductible IRAs." You'll owe income taxes in the year you convert He aims to simplify the complex concepts of blockchain and cryptocurrencies for the masses Andy Smith is a Certified Financial Planner (CFP®) licensed realtor and educator with over 35 years of diverse financial management experience corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career Higher income from conversions can increase state taxes so plan carefully to avoid unintended consequences Securities and Exchange Commission. “Individual Retirement Accounts (IRAs) Internal Revenue Service.”Retirement plans FAQs regarding IRAs It depends on your expected income and tax rates Gordon Scott has been an active investor and technical analyst or 20+ years Michael is a full-time senior editor of investing and trading products for Investopedia Michael holds a bachelor's degree from West Virginia University and is a chartered member and subject matter expert (SME) for the industry-leading Chartered Market Technicians (CMT) Association Internal Revenue Service. "Roth Comparison Chart." Internal Revenue Service. "Retirement Topics - IRA Contribution Limits." TaxAct. "Roth IRA - Eligibility." Internal Revenue Service. "Publication 590-B (2024), Distributions From Individual Retirement Arrangements (IRAs) / 2. Roth IRAs / Reminders / Introduction / What Are Qualified Distributions?" Internal Revenue Service. "Retirement Plan and IRA Required Minimum Distributions." Internal Revenue Service. "Traditional and Roth IRAs." Home of the Free Beer & Hot Wings Morning Show David Lee Roth Van Halen's charismatic front man for decades is hitting the road with his new band this summer and plans to play at least 2 shows in New York State Scroll down for the details on the upcoming tour Over the past weekend David Lee Roth triumphed with his performance at the M3 Rock Festival in Maryland his band and backup singers ripped through a strong setlist of Van Halen tunes earning high praise from fans and critics David Lee Roth announced a 21-date summer tour to begin July 22nd in California and wrap up September 14th back in California David Lee Roth last performed with Van Halen on October 4 much has changed for the original Van Halen band members Legendary guitarist Eddie Van Halen passed away in 2020 Alex Van Halen wrote a book 'Brothers' and Michael Anthony continues to perform with Sammy Hagar Here is your chance to see David Lee Roth perform the Van Halen tunes he helped make famous. 2 shows coming to New York.\nRead More David Lee Roth Over the past weekend David Lee Roth triumphed with his performance at the M3 Rock Festival in Maryland I watched Diamond Dave’s return at M3 Festival and LOVED IT! Looks Great. Great staging. Great band. Great vibe. The whole thing was cool. Back-up posse too. Check it all out on YouTube. Welcome Back Dave!! @DavidLeeRoth pic.twitter.com/74mK1KV4jc marking his first live performances in five years The former Van Halen singer will begin touring on July 31st in Hollywood The famed showman had previously announced a single gig on September 12th in Saratoga It comes off the back of Roth’s return to the stage on May 3rd at M3 Festival in Maryland, where he performed for the first time in five years He was joined on stage by guitarist Al Estrada marking his first live show since last opening for Kiss in March 2020 Roth announced his retirement from performing and touring in 2021, shortly before he was set to commence a residency in Las Vegas in 2022, which was subsequently cancelled due to unspecified health issues. The singer joked during his performance at M3 Festival over the weekend: “We’ve reached the end of my first retirement Tickets for his 12 newly announced shows will be available for pre-sale at 10am ET on May 6th before going on general sale on May 9th at 10am ET via Ticketmaster atPatriot League Championship Roth Earns Second Team All-League Honors As Lehigh Wraps Up PLC4/27/2025 5:51:00 PM | Men's Golf Every product is independently selected by editors Things you buy through our links may earn Vox Media a commission when he listed the combined spread yesterday no one made him hide his acting trophies in the listing shots Another theory: The glittering Emmys hardly distract from $6.495 million’s worth of truly great bones. It’s a two-bedroom condo in an old-world Emery Roth building with a recentish renovation and a location just a few blocks from the Hudson River Greenway on West 12th Street 17-story Art Deco tower was developed by Bing & Bing — who were known for not skimping on space or detail And this tenth-floor corner unit is particularly nice with views north and west off the living room (the bedrooms on the south side have windows but they seem to face a neighboring building) Delicious details include a sunken living room with a coffered ceiling and built-in bookshelves; a barrel-vaulted ceiling over a hallway to the bedrooms; and a primary bedroom with a wood-burning fireplace and built-ins Strong seems to have created the apartment by fusing two units together — 10J The work to combine them into 10JK seems to have been a good opportunity renovate the kitchen with “handmade subway tiles” (very 2016) That renovation may also have included the creation of a walk-in closet off the primary bedroom with a huge rain shower and a double commode that seems to have gotten the most attention (the unit also has more bathrooms — three — than bedrooms) it’s probably because that was the year he proposed to fellow actor-writer Caitlin Mehner whose crib in a second bedroom means no space for nannies or guests By submitting your email, you agree to our Terms and Privacy Notice and to receive email correspondence from us Password must be at least 8 characters and contain: you’ll receive occasional updates and offers from New York