Retirement
Reinvesting a required minimum distribution (RMD) into a Roth IRA isn’t allowed directly, since RMDs are considered taxable income. However, if you have earned income and fall within the IRS income limits for Roth contributions, you can contribute to a Roth IRA using funds from any source—including money withdrawn to…
A nursing home cannot unilaterally take your assets or property, even if you are staying there. Nursing homes have the same rights and limitations as any other business. If you sign a contract and don’t pay, then a nursing home can theoretically sue and collect assets for breach of contract.…
Do you have a backup plan?This is one of the key questions when it comes to managing your portfolio in retirement. Your income will be determined in large part by how much growth your portfolio generates, but investing for more growth means accepting more risk. Investing for security, on the…
Your current tax bracket is an important consideration when evaluating whether to convert a tax-deferred retirement account to a Roth account. However, it’s just one of several elements to keep in mind. For example, your tax bracket in retirement is just as important as the one you’re in now. If…
Annuities and dividend-paying stocks work differently when it comes to income, taxes and risk. Annuities offer fixed or variable payments under a contract, often used for retirement. Dividend stocks pay income from company profits and may also grow in value. Which one works better depends on your needs for taxes,…
Many retirees receive distributions from retirement accounts, pensions, dividends or even part-time work. Should this income exceed immediate spending needs, retirees often look to put the excess back to work. Thoughtfully reinvesting surplus retirement income can help preserve wealth, protect against inflation and even grow your financial resources over time.…
Planning for retirement involves making a lot of decisions, including how to allocate your portfolio. Among stocks, bonds and other investments, many pre-retirees wonder what percent of a retirement portfolio should be in cash. Cash plays an important role in ensuring stability, accessibility and peace of mind. However, holding too…
If you’re receiving Social Security Disability Insurance (SSDI), you may also receive additional benefits for a dependent child. But what happens to your SSDI when your child turns 18? Many parents rely on this supplemental income and want to understand how their child turning 18 will impact eligibility and benefits.…
If you work in the education, healthcare or nonprofit sector, you’ve likely asked an important question regarding your plan for retirement: how much should I put in my 403(b) per paycheck? The right amount to contribute depends on several factors, including your age, salary, employer match and overall retirement strategy.…
Stocks tend to dominate financial headlines due to their volatility and potential for rapid gains or losses. But, bonds also play an important role by providing investors with stability and income. Both markets are large, and their size can change depending on the economy, interest rates and investor behavior. Knowing…
