Retirement
Latest Retirement News
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…
What Are Safe Retirement Withdrawal Rates?
One of the most pressing questions you’ll face when planning for retirement is how much you can safely withdraw from…
I Have $845k in a Traditional IRA. How Can I Reduce Taxes When Converting to a Roth?
There’s no way to entirely avoid paying income taxes when you convert a traditional IRA into a Roth account. However,…
How 401(k) Loans Impact Your Taxes
While borrowing from your 401(k) account can hurt your long-term retirement planning, that’s not the only consideration. There are also…
We Have $1.4 Million in IRAs and Fully Own a $750k Home. Can We Retire in 2 Years at 60?
Retiring early can be tricky, even if you have considerable home equity. Say for example that you’re married with $1.4…
I’m 66, Taking Social Security, and Have $745,000 in a 401(k). Is It Too Late to Convert to a Roth IRA?
Legally, it’s never too late to make a Roth conversion. The IRS will let you move qualifying funds at any…
I Have a 401(k) From a Previous Employer. What Should I Do With It?
If you’ve changed jobs recently, don’t put off deciding what to do with your 401(k) for too long. While you…
What Is a Mega Backdoor Roth Conversion?
Retirement savers typically use a mega backdoor Roth conversion, in addition to a backdoor Roth 401k, when they have already…
