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…
A 70-Year-Old With $600,000 Delays Social Security for the 8% Bonus, and Walks Into a Bigger RMD
Quick Read Delaying Social Security to 70 earns an 8% annual credit, but leaves a $600,000 IRA compounding…
A Trump Account could make your kid a millionaire by 45—but financial experts say the app’s projections come with a catch
If you’ve opened the Trump Accounts app, the pitch for investing is hard to resist. Enter a $250-a-year…
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…
What to Do With Your IRA if You’re 5 Years Away From Retirement
If you’re about five years away from retirement, you may be getting increasingly excited about the idea of…
A 66-Year-Old With $1.1 Million in Her IRA Owes the IRS More Than She Thinks
Quick Read A $1.1 million traditional IRA overstates true wealth because every pre-tax dollar faces federal tax of…
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…
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…
A 67-Year-Old Widow With $1.6 Million Discovers Her Late Husband’s IRA Will Cost Her Over $100,000 in Avoidable Tax Through Retirement
Quick Read A 67-year-old widow inheriting a $740,000 traditional IRA from her husband faces two major tax decisions…
The Roth Conversion Mistake That Cost an Early Retiree Couple $86,400 in ACA Premium Tax Credits Before They Realized They Lost the Subsidy
Quick Read Roth conversions for early retirees on ACA marketplace plans can trigger a hidden 38% effective tax…
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…