Should We Pivot to Roth Contributions? We're 60 and Have $2.5 Million in Our 401(k)s For the right person, a Roth IRA can be a fantastic retirement savings vehicle over the long term. So much so that it might seem to some that it's always the right choice, no matter what. After all, ... 10/25/2024 - 12:38 am | View Link
Should You Use Your 401(k) to Pay Off Debt? If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be fully cleared from the account and unable to grow over time. Consider other ... 10/23/2024 - 10:23 pm | View Link
I'm about to turn 60 and have socked away $800k in my 401(k) Changing retirement plans is very common, but it’s important to understand exactly how changes will affect your goals. Focus on maintaining flexibility, as you never know when your plans will ... 10/23/2024 - 5:40 am | View Link
What is a Roth 401(k)? A Roth 401(k) is one of the two major types of 401(k ... In this situation, you can avoid high tax rates later when you withdraw money while paying lower rates today on money that goes into the ... 10/22/2024 - 7:01 am | View Link
Is It Wise to Convert 15% of My 401(k) Into a Roth IRA Each Year to Avoid Taxes and RMDs? Converting retirement funds from a 401(k) into a Roth IRA offers the opportunity for tax-free growth and tax-free withdrawals in retirement, while also avoiding Required Minimum Distribution (RMD) ... 10/20/2024 - 11:55 pm | View Link