Category: Retirement Planning

Roth IRA conversions have gained popularity, thanks to the removal of the income cap on conversions several years ago. A Roth IRA allows your principal and earnings to grow completely tax-free, because contributions are made to a Roth IRA after tax.

Putting away part of every paycheck for your future is a powerful way to set yourself up for financial success. If you have a 401(k), 403(b), or 457 plan, you can contribute $22,500 in 2023. If you’ll be at least age 50 by December 31 of 2023, you can make an additional contribution of $7,500, […]

If you are confident that you have excess capital beyond your retirement and life-spending needs, you may use a Roth IRA for estate planning.

Two significant rules have changed the RMD landscape for 2020.

This $2 trillion federal economic aid package is intended to provide relief to individuals and businesses who are suffering. It contains many tax breaks, as well as opportunities for small business loans.

Dollar-cost averaging (DCA)—investing the same fixed amount of money in a particular fund (or portfolio) at regular intervals—is a technique that helps you avoid the risk of putting all your money in the stock market at the wrong time. If the stock market is rising, dollar cost averaging will be disadvantageous. Of course, we do […]

Many strategies exist to help you maximize Social Security income, depending upon your family situation and stage of life. This article touches upon just three strategies that can be worth hundreds of thousands of dollars to many people.

If you are married, your spouse should generally be listed as your beneficiary on your 401(k), 403(b), or other retirement account, including IRAs. If you do not list your spouse as beneficiary, the entire balance in the account will go through your estate at your death, and will have to be distributed within just a […]

Joe Nocera is a bright guy. Over the course of a lengthy career, the former Fortune executive editor who now hangs his hat at the New York Times has won numerous awards for excellence in business journalism and recently co-authored a penetrating analysis of the financial crisis, All the Devils Are Here: The Hidden History […]