I’m 40 and my advisor wants me to switch from Roth to traditional 401(k). Dave Ramsey says it’s a million-dollar mistake
Quick Read Ramsey argues that switching to a traditional 401(k) saves taxes on $600,000 in contributions while forcing…
Retirees Get an 11-Year Window to Convert to a Roth at Low Rates. The Average One Converts $0.
Quick Read Before RMDs begin at 75, retirees enjoy roughly an 11-year window where lower income makes Roth…
The $94,000 Tax Mistake That Costs Retirees With $2.6 Million in Savings
Quick Read A retired couple with $2.6 million can cut lifetime federal taxes by $94,000 by drawing from…
64 Years Old With $1.1 Million in a Traditional IRA. Here’s Where I’m Allocating Capital
Quick Read KO and ABBV anchor the portfolio at 25% each, rated Very Safe with payout ratios under…
Wes Moss Says One Dollar Over the Wrong IRMAA Threshold Can Cost a Retiree Up to $4,000 a Year and Most Advisors Never Mention It
Wes Moss told Clark Howard listeners something most retirees never hear from their insurance broker or their financial…
The QCD Move That Turns a $60,000 RMD From a $1.6 Million 401(k) Into Zero Taxable Income at 73
Quick Read A QCD routes IRA funds directly to charity, excluding the full $60,377 RMD from taxable income…
The $120,000 Roth Strategy That Cuts Retirement Taxes to $20,000 Instead of $35,000
Quick Read Self-employed architects can open a Solo 401(k) and direct employee deferrals to the Roth side, then…
What $4,500 a Month Really Looks Like in Retirement at Age 62
Quick Read Early retirees face a three-year healthcare crisis between age 62 (when they leave work) and 65…
Here Is the $850,000 Three-Bucket Income Portfolio I Would Build to Pay a 66-Year-Old Couple $4,612 a Month
Quick Read A 66-year-old couple with $850,000 can generate $4,612 monthly income (6.5% yield) by placing Realty Income…
Clark Howard Says Skip the Backdoor Roth IRA: Here’s the Math for High Earners
Quick Read Clark Howard, the consumer advocate behind The Clark Howard Show, has told high-earning listeners to think…
Here Is Why I Would Tell a 71-Year-Old With $4 Million to Spend Down the Traditional IRA First
Quick Read A 71-year-old with $2.5M in a traditional IRA faces a $104,000 RMD at 73 that triggers…
The Backdoor Roth IRA Move High Earners Use to Get $7,500 of Tax-Free Money Past the Income Cap
Quick Read $310K household converts $15K yearly to Roth via backdoor: non-deductible traditional contribution plus immediate conversion avoids…