Tag: financial advisor
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$1.6M in 401(k)s at 58: Is It Time to Rethink Roth Contributions?
So, should you switch to Roth contributions? For example, say that you’re 57 with $1.6 million in your 401(k). Is now a good time...
Netting $800k from Your Home Sale? Learn How to Minimize Taxes While Downsizing
When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 of profits if you...
Ask an Advisor: I’m Going to Do a Roth Conversion on $250k. Can I Use the Converted Funds to Cover the Taxes?
I want to do a Roth conversion from my traditional IRA in the amount of $250,000. It’s my understanding that I have to pay...
Schwab’s Secret to Doubling Your Retirement Fund
Recent data from Charles Schwab indicates that retirement plan participants who work with a financial advisor can nearly double the amount they save for...
Morningstar Gives the 4% Rule a Thumbs Up – Can You Trust It for Your Retirement?
There’s been an ongoing debate about whether retirees should abandon the “4% rule” for withdrawals from retirement accounts, a retirement income rule of thumb...