Retirement
Latest Retirement News
I’m 70 Years Old With $1.2 Million in an IRA. Is It Too Late to Convert to a Roth IRA?
In retirement, it’s not too late to convert your money into a Roth IRA. The IRS will let you convert…
I’m Going to Get $2,800 Per Month in Social Security. How Do I Reduce My Taxes on It?
One of the biggest surprises would-be retirees face when planning their retirement finances is the fact that their Social Security…
What to Know Before Hiring an Advisor for Your Retirement Plan
Financial advisors who offer retirement planning services play an important role in the financial services industry. From devising tax-efficient income…
6 Financial Planning Tips for Retirees
The key to maximizing your retirement will depend on your ability to select financial planning resources that align with your…
What Is a Trusteed IRA?
A trusteed IRA is a type of individual retirement account that is set up as a trust. This account can…
What Is a Retiree Reimbursement Arrangement?
Retiree reimbursement arrangements (RRAs) are a type of savings plan funded solely by employers to help their now retired former…
A Successful Retirement May Hinge on Avoiding These Careless Mistakes
Deciding to retire can feel a bit unnerving. Retirees have plenty to potentially worry about – some of which they…
I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes?
Transferring funds from a 401(k) into a Roth IRA lets you make tax-free free withdrawals in retirement, avoids rules on…
I’m 55 With $1.2 Million in My 401(k). Would Catch-Up Contributions Be Worth It?
Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For…
Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs?
A Roth IRA has a couple of significant advantages. Most notably, they allow your retirement savings to grow tax-free (as…
