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You can convert from a traditional to Roth IRA, but the rules are again quite restrictive. Only taxpayers with Modified Adjusted Gross Incomes (MAGI) of less than $100,000 in the year of conversion...
Did you know that IRAs can hold CDs (Certificates of Deposit)? If you are nearing retirement and are tired of fretting over your nest egg, your best and safest return may be with a federally...
Article describes a few little known disadvantages of rolling over your 401K into a Traditional IRA when you leave your job rather than just keeping your 401K in your employer plan or rolling it...
Financial planners cite few principles as often as the “4% rule.� It maintains that investors can safely withdraw 4% from a retiree's balanced stock/bond portfolio in the first year, and then...
The deficit at the federal agency that guarantees pensions for 44 million Americans tripled in the last six months to a record high, reaching $33.5 billion, largely as a result of surging...
The stock market’s damage has already been done. And if you’re one of those people near or already in retirement, you already know you’re going to have to work longer, save more or spend...
The Baby Boomer generation is heading into retirement. And inflation for older Americans is considerably higher than it is for the rest of the population.
Some examples from the article:...
My single step personal finance challenge is going to be to open up a Roth IRA account this year. I have been reading about it a lot in a number of blogs and media lately and it sounds like a no...
New tax rules are about to give more people access to a Roth IRA, one of the best savings plans for later life. Here’s how the changes work - and how to get ready.