Retirement
Latest Retirement News
My RMDs Start Soon So I Want to Convert $900k to a Roth, but I’m Getting Conflicting Info About Having to Wait 5 Years to Use the Money
People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is…
6 Questions to Ask Before Buying an Annuity
Annuities can offer financial stability through a steady stream of income, but they can also impact your long-term financial health.…
I Have $500k in a Roth IRA, and Will Receive a Combined $2,000 a Month From a Pension and Social Security. Can I Retire at 62?
Figuring out when you can afford to retire often comes down to determining whether your assets will produce enough annual…
Should I Take a $200,000 Lump Sum or $915 Monthly Payments for a Pension Annuity?
Deciding between taking a lump sum or monthly payments involves assessing a number of factors, including some that are difficult…
I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions?
I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions?Whether to make the move from…
How to Save Money on a Tight Budget in Retirement
Retirement is a time to enjoy what you love most, from family and friends to traveling and gardening. However, affording…
This Is My First Year Taking RMDs. What Should I Do With the Money If I Don’t Need It Yet?
Anyone with a 401(k), traditional IRA or similar tax-deferred retirement account eventually is going to face the requirement to start…
Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes?
A backdoor Roth conversion can save you significantly in future taxes, but at the cost of paying those taxes now.…
I’m 65 With $850,000 in an IRA. Is It Worth It to Convert That Money to a Roth to Avoid RMDs?
Required minimum distributions (RMDs) from pre-tax retirement accounts can have a number of unintended consequences. These mandatory withdrawals can push…
11 Retirement Planning Tips for 2024
Planning for retirement has a new look in 2024, thanks to changes brought about by Congress. Retirement savers this year…
