It’s a decision that pretty much anyone saving for retirement faces: should you use a Roth account or a traditional account? The author of today’s article argues that more people should probably be using traditional accounts, but states that “Before you can understand why it likely makes more sense to use a traditional retirement account versus a Roth account, you must first understand the difference between marginal tax rates and effective tax rates.” For more – including the exceptions when the author believes people may be better off using a Roth – CLICK HERE.
How do you go about turning your retirement savings into retirement income? In today’s article, the author examines a number of retirement income strategies – and the pros and cons of each. Is the traditional approach – the 4% “safe” withdrawal rate – still safe? Does the proposed 7% “optimal” withdrawal rate have merit? What strategy “provides the highest income stream without the risks of high withdrawal rates” – and what strategy has been singled out as the “ideal plan”? CLICK HERE.
“The key feature of Roth IRAs can make a big difference in your retirement savings – especially if you use the Roth in smart ways.” Today’s article outlines “four Roth IRA investing tips that could earn you thousands of dollars.” Tip #1? Be strategic about your Roth IRA investments: “You can invest in all kinds of securities through your Roth IRA, but some make more sense than others.” What securities does the author view as being good for Roth IRAs and why? And what are the other three “savings-boosting tips”? CLICK HERE to read more.
“Sure you’ve been diligent in saving for your retirement, but how well prepared are you to handle a big unforeseen financial spoiler (or two, or three). Today’s article highlights “5 potentially major threats to your retirement”, including threats that arise from within one’s own family (e.g. caring for elderly parents) or threats coming from the outside (e.g. retirement scammers). What are all 5 threats and what resources are available to help reduce their potential impact on your golden years?” To read more, CLICK HERE.