3 Social Security Changes Retirees Need to Know About in 2024
The need for social security reform is well documented. The trustees’ latest report suggests that the Social Security pension fund …
taxable income
Ask an Advisor: How Do I Structure My Withdrawals to Keep My Health Benefits? I’m 60 and Have $2.4 Million
Financial advisor and columnist Michele Cagan I recently retired as an entrepreneur at the age of 60. I have been …
Is it Wise to Convert 20% of My 401(k) Into a Roth IRA Each Year to Avoid Taxes and RMDs?
When it comes to retirement planning and taxes, there are often two ways to look at a question: first, can …
I Will Receive $3,300 per Month from Social Security. How Can I Reduce My Taxes?
A man makes rough calculations to determine how much taxes he will pay on his Social Security benefits. According to …
Bill Gates Harvests $113 Million from Nebraska Farmland and Takes Out $700 Million in Loans
Bill Gates harvests $113 million from Nebraska farmland and takes out $700 million in loans Over the past six years, …
Schwab Recommends These Strategies for Roth IRA Conversions
Converting a traditional IRA to a Roth IRA can help you minimize taxes in retirement. But executing the conversion strategically …
I Will Receive $2,800 per Month in Social Security. Can I Avoid Taxes?
An elderly citizen is the holder of his social security. One of the biggest surprises for soon-to-be retirees as they …
I’m 62 and Have $1.5 Million in an IRA. Should I Convert $150,000 per Year Into a Roth to Avoid RMDs?
A 62-year-old man is considering the possibility of converting his $1.5 million IRA to a Roth account. A 62-year-old with …