What is a backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy.

How much do elections impact the stock market and portfolio returns? Should elections even matter to long-term investors in the first place?

Over the past few months, every time I turn on the TV it seems the stock market is in the red for the day. A lot has been written about how to tread water in “volatile” market conditions, including what trade orders to use, which charts to read and what stocks to buy, but none of it tells me how to continue to build wealth in such an environment. As a financial planner at All-Pro Advisors, it is important that I continue to provide value to my clients during times when their investment portfolio isn’t generating a positive return. Here are a few of those ideas:

“Defense wins championships” is a common phrase used in the sports world. While high-powered offenses are “flashy” and can certainly carry teams to success, oftentimes the teams with the most stout, consistent, and opportunistic defenses reach championship levels. As I was reading the book, The Millionaire Next Door, by Thomas J. Stanley, I found a lot of parallels to this sports truism and the world of personal finance.

As a professional athlete, I am beyond blessed to be able to play a game and get paid for it. It is almost every kid’s dream to play in the pros, and, when you make it there, it doesn’t get old. Sure, there are days where it is tough to hobble down the stairs and get to your 7 am workout, but, all in all, the lifestyle is everything you think it would be.

More and more "millennials" are beginning to buck the trend of the 9-5 (really 8-6) and starting to realize what it takes to "retire", a term also known as financial independence. Financial independence is when you no longer have to work to earn income to cover your living expenses. You might be asking, then how do you pay for your living expenses? The top three ways that come to my mind are: savings, passive income, and eliminating debt.