A partial Roth conversion is one of my favorite tools to help clients manage their retirement income taxes, so I get frustrated when I see that tool used in the wrong way. The goal of a partial Roth conversion is to reduce the value a traditional IRA before...
There are almost 75 million Baby Boomers—those born between 1946 and 1964—in the U.S. today. Approximately 10,000 of them retire each day. That’s a lot of potential people taking required minimum distributions (RMDs) who may not need them. After age 70 ½, an RMD...
On October 7th, Charles Schwab started offering commission-free trading. TD Ameritrade nearly fell over themselves to follow suit and match their competitor, but neither brokerage was the first to make this offer to their customers. Vanguard, J.P. Morgan, and...
When it comes to picking a health insurance plan, the options can seem confusing. For years, I avoided my company’s high-deductible health insurance plan with a health savings account (HSA) because it felt scarier than simply paying the monthly premiums and...
When I wrote Making Money Simple, my goal was to give people a blueprint for turning career success into financial success. People who experience success in their careers often dedicate years acquiring knowledge and honing their craft. But enjoying professional...
