By Dr. Jim Dahle, WCI Founder

Some financial concepts are simple, but people make them complicated by not following directions well. The classic example is the Backdoor Roth IRA process. I’m constantly amazed at how many ways people can screw up what I find to be very straightforward. Other concepts are simply common dilemmas where reasonable people can disagree. The classic example of this is the almost ever-present Pay Off Debt vs. Invest question. However, sometimes personal finance really is complicated. Einstein supposedly said, “Make everything as simple as possible, but not simpler.” The most complicated routine question for investors is the nearly annual dilemma about Roth contributions and conversions. Neophytes don’t realize how complicated it is. They pop into a forum or Facebook group and ask:

“Should I make Roth or traditional 401(k) contributions?” or “Should I do a Roth conversion?”

as if there is a

Keep reading this article on The White Coat Investor.