When is a Roth IRA conversion right for me, asked a pre-retiree recently. Well, it depends. And while never a satisfying answer, it is a personalized decision based on many factors. Let's say you're in a similar position as this pre-retiree who asked this question in an online financial advice forum recently. She's age 62, currently receiving a taxable pension of $1,500 per month ... Read More
Roth IRA Conversion
Ask the Adviser: What’s Next Beyond My 401(k)?
I'm trying to decide where to invest next. Client Question: I'm maxing out my employer matched 401k, maxing out a traditional IRA, and will soon have an emergency fund in a savings account that I'll continue to add to every paycheck. This is where I am now: Moderate risk 401k, Vanguard target retirement fund, and low risk savings account. Looking for something slightly riskier. Boston ... Read More
Roth IRAs: Should You Convert?
Lots of ink has been spilled discussing one of the most hyped retirement and tax strategies: Roth IRA conversions. The prospect of future tax-free withdrawals is enticing. But there are lots of issues that need to be considered whether it is right for you. According to Google, there has been a surge in interest about Roth IRA conversions as it has become one of the top search terms this fall. ... Read More
