This Is My First Year Taking RMDs. What Should I Do With the Money If I Don’t Need It Yet? Retirement May 26, 2025 Anyone with a 401(k), traditional IRA or similar tax-deferred retirement account eventually is going to face the requirement to start…
Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes? Retirement May 26, 2025 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? Retirement May 25, 2025 Required minimum distributions (RMDs) from pre-tax retirement accounts can have a number of unintended consequences. These mandatory withdrawals can push…
8 Retirement Planning Tips for 2025 Retirement May 25, 2025 Planning for retirement has a new look in 2025, thanks to changes brought about by Congress. Retirement savers this year…