Retirement

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Latest Retirement News

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…

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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…

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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.…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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