Retirement
Latest Retirement News
I’m 59 With $1.3 Million in a 401(k). Should I Convert $130,000 Per Year to a Roth to Avoid RMDs?
Converting a 401(k) into a Roth IRA can be appealing for several reasons. Not only can you make qualified withdrawals…
I Waited to Take My First RMD Until April 1st. Will This Affect My Second Year’s RMD?
Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to…
Types of Annuities for Seniors to Consider
Annuities can provide steady income for as long as you live, which is one reason a senior might purchase one.…
When Does Social Security Increase?
Every year, the Social Security Administration (SSA) issues what is known as the Cost of Living Adjustment, or COLA. This…
How to Make Investments in Your Roth IRA
A Roth IRA is an account, not an investment, so once you’ve put money into the account it still must…
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…
