Core Insights - The article emphasizes the importance of investing in oneself to enhance financial well-being, particularly when reaching a "good" income level Group 1: Investment Strategies - The concept of a Backdoor Roth IRA allows individuals to bypass income limits for contributions by first contributing to a traditional IRA and then converting it to a Roth IRA, which is beneficial for those earning above $168,000 for single filers or $252,000 for married couples filing jointly in 2026 [3] - Hiring a financial advisor with tax expertise becomes crucial as income rises, given the complexity of tax situations and the potential for overpaying taxes without professional guidance [5][6] Group 2: Financial Planning - A significant portion of upper-income individuals (54%) hire financial advisors, compared to 39% of middle-income and 20% of low-income individuals, indicating a trend towards professional financial management as income increases [6]