Four Reasons To Avoid A Roth Conversion

Four Reasons To Avoid A Roth Conversion

For those unfamiliar with the term, a Roth conversion involves moving money from a tax-deferred traditional IRA (IRA) to a tax-free Roth IRA (Roth). You’ll pay taxes on the amount transferred but from that point on the amount will grow tax-free for the rest of your life (and even for ten years of a subsequent…
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New Research On Social Security Claiming Strategies

I’ve written numerous articles over the years about strategies for maximizing your Social Security (SS) benefits. But the number one decision all retirees face is when to start taking payments. Which is better: to start as early as possible or to delay benefits for as long as you can? There will always be claimants who…
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Is There A Better Approach To Retirement?

As a financial planner I discuss retirement goals with virtually every client. Those that don’t plan to remain in their own homes typically talk about moving to a retirement community or an assisted living facility. Yet there’s a growing body of evidence suggesting that segregating older people, particularly by age, may not only shorten their…
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Big Changes For Retirement Planning Under Secure Act 2.0

At the tail end of December President Biden signed into law the Secure Act 2.0 as part of the $1.7 trillion Consolidated Appropriations Act of 2023. Its name represents an extension of the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act that was the Federal government’s first major retirement-focused legislation since 2006. Secure…
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Should Age 65 Employees Sign Up For Medicare?

It’s open enrollment time again. Ordinarily when someone turns age 65 they should sign up for Medicare, or else risk having a late enrollment penalty applied to future premiums. But the rules are quite different for people still working. I will attempt to simplify them as briefly as possible. First, here are some basic Medicare…
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When Should You Start Taking Social Security?

I’ve written numerous articles over the years about strategies for maximizing your Social Security (SS) benefits. But the most fundamental decision all retirees face is when to start taking payments. Which is better: to start as early as possible or to delay benefits as long as you can? First, you need to understand how SS…
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