Contribution limits to IRAs and other employer-sponsored retirement plans have changed for 2013. Here are the most recent deferral limitations:
Roth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs. (more…)
With the belief that tax rates are likely to rise over time, many people are considering the merits of converting their traditional IRAs into Roth IRAs. The decision of whether or not to convert an IRA into a Roth IRA is a big one with far-reaching financial implications.
During retirement, is it best to take distributions from IRAs, Roth IRAs or personal brokerage or savings accounts? The decision of “Which account?” is an important one with many factors to consider. (more…)
Much has changed over the last year—especially for those who are taking withdrawals from their investments to fund living expenses. Even investors who maintained a moderate portfolio allocation may have sustained significant investment losses over the last year. With portfolio declines, some retirees may find that they are having to distribute a greater percentage of their portfolio to fund “lifestyle” expenses. As you will note from the table below, higher withdrawal rates reduces the likelihood that an investment portfolio will last throughout an extended retirement period. (more…)