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Anthony C. Hood, Ph.D
EVP | Chief DEI Officer | Board Member
Anthony C. Hood, Ph.D. is an accomplished executive and academic with expertise in diversity, equity, and inclusion (DEI). He currently serves as the Executive Vice President and Chief Diversity, Equity and Inclusion Officer at First Horizon Bank, a position he has held since November 2020.4 In this role, he is responsible for developing and implementing programs that advance the company's DEI efforts.1
Dr. Hood's career spans both the corporate and academic worlds:
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Corporate Experience:
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Academic Experience:
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Dr. Hood is also a member of the CNBC Workforce Executive Council since May 2023, which connects human resources professionals and offers resources for driving workforce change.24 His LinkedIn username is anthonychood.4
Highlights
“Backdoor Roths are used by people who exceed the income limits for Roth IRAs. If you earn $161,000 as a single taxpayer, or $240,000 as a married taxpayer, then you can’t contribute directly to a Roth IRA in the 2024 tax year.
In a backdoor Roth, you contribute after-tax money into an IRA and then promptly convert it into a Roth IRA. Since you are contributing after-tax money, you will owe no additional taxes as long as you have no pretax contributions in a traditional IRA. If you do, then a part of the conversion will be taxable.
An over-50 worker could contribute up to $76,500 to a Roth 401(k) and another $8,000 to a Roth IRA—a total of $84,500 per year. Unlike a traditional tax-deferred retirement plan, there are no required minimum distributions from Roth accounts when you hit a certain age. That means you will pay less in income taxes during retirement and less in Medicare premiums, which are based on how much income you have.
In the world of retirement, a mega backdoor Roth conversion amounts to a free lunch—and you want it to be as large as you can comfortably digest.”
#financialliteracy #wealth #retirement #RothIRA #taxstrategy #FIRE
"The survey debunks four myths about women’s workplace experiences and career advancement. A few of these myths cover old ground, but given the notable lack of progress, they warrant repeating."
Myth 1: Women are becoming less ambitious Reality: Women are more ambitious than before the pandemic—and flexibility is fueling that ambition Myth 2: The biggest barrier to women’s advancement is the ‘glass ceiling’ Reality: The ‘broken rung’ is the greatest obstacle women face on the path to senior leadership
Myth 3: Microaggressions have a ‘micro’ impact Reality: Microaggressions have a large and lasting impact on women
Myth 4: It’s mostly women who want—and benefit from—flexible work Reality: Men and women see flexibility as a ‘top 3’ employee benefit and critical to their company’s success
#elevatingequity #caresaboutpeople #thriving #iwd2024 #genderequity
https://lnkd.in/dyhybnCf
