Rethink Your Money
The Most Important Routine for Your Financial Success
…Roth inside the 401k this year, instead of the deferred side now that I’m expecting to be in this tax bracket? What should I be doing between now and April…
…Roth inside the 401k this year, instead of the deferred side now that I’m expecting to be in this tax bracket? What should I be doing between now and April…
…maybe you should do a Roth conversion, maybe you should step up your savings rate as you suggested, Peter. When we have a sense of crisis, action is always more…
If you’re in your 40s or 50s, you’re part of the ever-growing sandwich generation — which means you may find yourself facing significant financial challenges, such as saving for retirement,…
…account, right? Peter: That’s right. You want to focus on asset location, which is where you put your assets. Take those bonds, put them in an IRA, a 401k where…
…had an inherited IRA from my father that had $6,000 in it. I was like, “They don’t want to be closing this account after my death and sending a death…
…paying down the mortgage, put the money in an IRA, even just build up your regular taxable account. Do all of these things rather than necessarily put the money in…
…take the time to check they have the right beneficiaries on their life insurance, they have the right beneficiaries on their IRAs and their 401ks, because those assets will pass…
…from your 401(k) or IRA every year, then that moved to age 72, and under this new package, it’ll move up to 73 starting here in 2023 and then to…
…changes, you’re going to want to revisit some of those beneficiary designations. You do not want your ex-spouse to be inheriting your million dollar IRA. Peter: Yes, and those things…
…things that are possible. For example, Iran entering the conflict is something that a lot of people put at anywhere from 20% to 50%, depending on which strategist you want…