A Roth IRA conversion, sometimes referred to as a "backdoor Roth IRA," lets you transfer tax-deferred savings -- such as from ...

Retirement accounts like a 401(k) or IRA come with some big advantages. Perhaps the most attractive benefit of these accounts is you can defer your taxes until retirement. Doing so could give you more ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

You have to start taking required minimum distributions once you turn 73. You don't have to spend your RMD; you can reinvest it or give it to charity. Using these strategies can help you get more bang ...

Forbes contributors publish independent expert analyses and insights. Approaching retirement can feel uncertain with many questions arising, like how you’ll spend your now open-ended free time and how ...

A critical part of an overall financial plan, regardless of age, is having goals for how you will live and spend in the short and long term and managing the assets you have accumulated to fund those ...

As the former head of the Pooled Plan practice at a major record keeper, I had hundreds of conversations with advisors, consultants, TPA’s, pooled plan providers, fund partners and others looking to ...

I have always said that asset accumulation is easy but the true difficulty is in asset distribution. There is no single plan that is right for everyone. Perhaps the best-known distribution plan is the ...

While millennials were busy complaining about not being able to afford houses, Gen Z quietly looked at the traditional retirement playbook and said “no thanks.” They’re not just rejecting 401(k)s and ...

Roth conversions offer a strategic solution for retirees to reduce taxes, maximize retirement income, and leave a legacy of tax-free wealth for heirs. Los Angeles, California, United States, November ...

In the past, retirement followed a predictable script: work 40 years, collect a pension, claim Social Security, and coast through your golden years. However, that formula is now considered outdated….